Roark Capital Acquires Majority Stake in Dave’s Hot Chicken
Franchise Wire
JUNE 11, 2025
Roark Capital Group had been monitoring the brand since about 2021, according to The Wall Street Journal , which reported that Dave’s executives joked they had a private-equity stalker. Earlier this month, Roark took majority ownership of the spicy fried chicken brand in a deal Reuters reported at approximately $1 billion.
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