Dave’s Hot Chicken, a fast-growing chain that began as a modest pop-up in East Hollywood, is reportedly on the verge of a major acquisition that could propel it into the ranks of billion-dollar companies.
According to a recent report by The Wall Street Journal, the Pasadena-based business is in advanced talks to be acquired by private equity firm Roark Capital for close to $1 billion.
Rapid Growth and Expansion
Launched in 2017 as a small Nashville-style chicken stand, Dave’s Hot Chicken has experienced meteoric growth. It now operates roughly 270 locations worldwide, with a significant concentration in California, where about a quarter of its restaurants are located.
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The potential acquisition would bring Dave’s Hot Chicken under the Roark Capital umbrella, joining well-known brands like Arby’s, Auntie Anne’s, Buffalo Wild Wings, and Sonic. Roark also made headlines in 2023 when it acquired Subway in a $9 billion deal.
Global Reach and Future Growth
With locations in Canada, the United Kingdom, and the Middle East—including Qatar, Saudi Arabia, and the United Arab Emirates—Dave’s Hot Chicken has already established itself as a global player in the fast-casual dining space. The Roark acquisition could further accelerate its expansion.
The brand has also attracted high-profile celebrity investors, including music icon Drake and award-winning actor Samuel L. Jackson, adding to its cultural appeal and market momentum.
If the sale goes through, it would mark another major milestone in the company’s evolution from a small street food venture to an international restaurant powerhouse.
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