Southpaw is an owner and operator of more than 180 Taco Bell restaurants and Dunkin’s in New York, New Jersey, Maryland, Kentucky, Georgia and LouisianaMRG will continue to operate 36 Taco Bells in the Houston market alongside Bessemer, having sold 44 of its Texas locations earlier this month to Ghai Restaurant GroupBessemer partnered with MRG in 2018, alongside CEO Chad Motsinger and CFO Ben Walsh
Mas Restaurant Group, which is backed by Bessemer Investors, has sold its 43 Ohio locations to Southpaw. No financial terms were disclosed.
Based in Houston and Columbus, MRG is a Taco Bell franchisee.
Southpaw is an owner and operator of more than 180 Taco Bell restaurants and Dunkin’s in New York, New Jersey, Maryland, Kentucky, Georgia and Louisiana.
MRG will continue to operate 36 Taco Bells in the Houston market alongside Bessemer, having sold 44 of its Texas locations earlier this month to Ghai Restaurant Group.
Bessemer partnered with MRG in 2018, alongside CEO Chad Motsinger and CFO Ben Walsh.
“We are extremely pleased with this latest successful transaction, which underscores the strength of MRG’s operations and the robust footprint built in Ohio,” said Andrew Mendelsohn, managing director at Bessemer in a statement. “Bessemer remains a dedicated partner to MRG, and we look forward to working together on future opportunities within the Taco Bell system as well as broader investments in the restaurant space.”
Piper Sandler & Co and Unbridled Capital, LLC served as financial advisors to MRG, and Sidley Austin LLP served as legal counsel.
