Configure utilized its industry expertise and deep credit knowledge to navigate the credit universe to secure a great outcome and lending partners.
Configure Partners Advises SPB Hospitality LLC on its Acquisition of J. Alexander’s Holdings, Inc.
Atlanta, GA — Configure Partners, LLC (“Configure”), a leading middle-market investment bank, is pleased to announce its role as financing advisor and investment banker to SPB Hospitality LLC (“SPB”) and its sponsor, an affiliate of funds managed by affiliates of Fortress Investment Group LLC (“Fortress”), in securing committed debt capital to support its acquisition of J. Alexander’s Holdings, Inc. (“JAX”). SPB is an operator and franchisor of full-service, casual dining restaurants, with an expansive footprint of over 250 restaurants spanning across 39 states. SPB’s diverse portfolio of concepts includes Logan’s Roadhouse, Old Chicago Pizza & Taproom, Rock Bottom Restaurant & Brewery, and Gordon Biersch Brewery Restaurant, among others. The acquisition of JAX brings an additional 47 upscale, polished casual restaurants with award-winning brands such as J. Alexander’s, Stoney River Steakhouse and Grill, Redlands Grill, Overland Park Grill, and Merus Grill.
“Configure was integral in every step of the process, from initial due diligence to close. Configure utilized its industry expertise and deep credit knowledge to navigate the credit universe to secure a great outcome and lending partners,” said Jim Mazany, CEO of SPB.
Jamie Hadfield, Managing Director of Configure, commented, “The Configure team is thrilled to have worked with the SPB team on its acquisition of J. Alexander’s. We are confident that the management team’s operational focus and rich history of leading restaurant brands will result in continued success for both SPB and J. Alexander’s.”
About SPB Hospitality LLC (spbhospitality.com)
SPB Hospitality, from its headquarters in Houston, TX, is a leading operator and franchiser of steakhouses, brewery and craft-beer focused casual dining restaurants in the U.S., with hundreds of locations in 39 States and the District of Columbia.
About Fortress Investment Group LLC (fortress.com)
Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $53.9 billion of assets under management as of June 30, 2021. Founded in 1998, Fortress manages assets on behalf of approximately 1,800 institutional clients and private investors worldwide across a range of credit, real estate, private equity, and permanent capital investment strategies.
About J. Alexander’s Holdings, Inc. (jalexandersholdings.com)
J. Alexander’s Holdings is a collection of restaurants that focus on providing high-quality food, outstanding professional service and an attractive ambiance. The Company presently operates 47 restaurants in 16 states.
About Configure Partners (www.configurepartners.com)
Configure Partners is a preeminent credit-oriented middle market advisory boutique headquartered in Atlanta. The firm provides investment banking and financial advisory services surrounding credit and creditor’s rights, providing actionable advice and results-oriented execution. Configure’s Debt Placement practice designs bespoke financing solutions for borrowers to support leveraged buyouts, acquisitions, and dividend recaps, among other strategic objectives. The firm’s Credit Resolutions practice is the trusted advisor to lenders and their borrowers when confronting business, liquidity, or capital structure challenges.
Engage with Us
We provide creative solutions to the most complex, challenging financing transactions.
Get Our Newsletter
Sign up to receive proprietary insights, including case studies detailing creative solutions to the most complex, challenging financing transactions.