New York-based private equity firm Goode Partners LLC has announced a strategic investment in Texas-based Wings ‘N More Restaurants LLC to help accelerate the chain’s expansion. Currently, Wings ‘N More operates seven restaurants in College Station/Bryan, Corpus Christi, and Houston.
“We are delighted to be partnering with Mark Dennard, the founder and current owner of Wings ‘N More,” Goode partner David Oddi said in a statement. “Mark and the company’s management team have done an outstanding job offering their customers incredible food at a great value. Most of the company’s leaders have grown up with the brand, building a culture that is passionate about exceeding customer expectations. We think there are so many similarities to Chuy’s, which grew from eight to over 75 restaurants during our investment. We look forward to working with this outstanding team and providing the added resources to help take the company to the next level in its growth strategy.”
Goode Partners was an early investor in Chuy’s in 2006.
Wings ‘N More was founded in 1986 by Dennard, a former NFL player with the Miami Dolphins and Philadelphia Eagles. During his time in Miami, he was introduced to the concept of “buffalo-style” chicken wings, inspiring the brand’s launch. The company now includes both full-service and express models serving wings, ribs, appetizers, soups, salads, sandwiches, entrees, seafood, cocktails, and more.
The investment by Goode Partners is combined with debt financing from Gladstone Capital Corporation to drive the company’s geographic expansion.
“We’re tremendously excited about this partnership. It’s a great opportunity for Wings ‘N More brand and for the team that helped build it into what it is today. We look forward to opening new restaurants and providing growth opportunities for our team members,” Dennard said in a statement.
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