Big Law
Goldman Sachs Acquires Significant Stake in Zaxby’s
Zaxby’s, quietly one of the country’s fastest-growing restaurants, on Wednesday said it will receive a strategic investment from Goldman Sachs in a deal that should help the Athens, Ga.-based chain take its concept further beyond its Southeastern home.
Goldman Sachs Merchant Banking Division will acquire “a significant stake” in the 900-unit chain, which has locations in 17 states. The deal is expected to be finalized by the end of the year.
“This partnership symbolizes the strength of our company and their involvement will accelerate our growth and expansion into a national brand,” Zach McLeroy, Zaxby’s cofounder and CEO, said in a statement.
