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bd’s Mongolian Grill Acquires Flat Top Grill

bd’s Mongolian Grill Acquires Flat Top Grill

February 2, 2016

Burnsville, Minn – Create-your-own stir-fry restaurant bd’s Mongolian Grill announced today that its ownership group has purchased fast-casual Asian chain Flat Top Grill.

“Asian concepts are one of the fastest growing segments in the restaurant industry, especially those that allow guests to customize, create, and be in control of their dining experience,” said Joe Phraner, President and COO of bd’s Mongolian Grill. “Bringing together these two great brands creates a new synergy with tremendous opportunity, which we look forward to developing in the coming months.”

Flat Top Grill and bd’s Mongolian Grill will maintain their names and individual concepts, and the bd’s operations and marketing teams will now support both restaurants. Phraner, who took over as bd’s President in 2012 after spending five years prior with the company’s affiliate, will lead both companies. Flat Top Grill’s current management team will continue in their positions.

“bd’s Mongolian Grill and Flat Top Grill have more than 40 years of collective restaurant experience throughout the Midwest and we are confident the two concepts can look to each other’s strengths and best practices,” added Phraner. “We believe this acquisition will lead to strong top-line sales, increased guest satisfaction and future growth for the restaurants.”


About Kinderhook Industries

Founded in 2003, Kinderhook Industries, LLC is a private investment firm that manages over $5.4 billion of committed capital. We have made in excess of 375 investments and follow-on acquisitions since inception. Kinderhook’s investment philosophy is predicated on matching unique, growth-oriented investment opportunities with exceptional financial expertise and our proprietary network of operating partners. Our focus is on middle market businesses with defensible niche market positioning in the healthcare services, environmental / business services, and automotive / light manufacturing sectors. We have a track record of successfully and consistently building industry leaders.

For more information, please visit https://www.kinderhook.com


About bd's Mongolian Grill

bd’s Mongolian Grill is one of the largest Asian casual/fast casual dining chains in the U.S. Guests customize their own stir-fry dishes from a wide variety of quality meats, seafood, vegetables, sauces and spices, which are then prepared “exhibition style” by grill chefs on a 600°, 7-foot round Mongolian flat grill. bd’s has 14 Company-owned stores and 19 franchise stores throughout the United States.

For more information, please visit http://www.gomongo.com/

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