Brewpub sale: Rock Bottom, Gordon Biersch brands change hands

The craft beer category isn’t as molten hot as it once was, but mid-scale chain restaurants are in the tar pits. TGI Fridays is the latest to file for Chapter 11. So, what of your classic brewpub franchise chains, like Rock Bottom Restaurant & Brewery, and Gordon Biersch Brewery? Kelly Companies is betting on their success.

An affiliate of Kelly Companies of Southern California has purchased brewery restaurants Rock Bottom Restaurant & Brewery, Gordon Biersch Brewery Restaurant, ChopHouse & Brewery, Ragtime Tavern and Seven Bridges Grille & Brewery from SPB Hospitality, a restaurant portfolio company of Fortress Investment Group.

This transaction encompasses 16 locations, including flagship and airport venues. Financial terms of the deal were not disclosed.

Kelly Companies portfolio

Kelly Companies views the acquisition as a chance to strengthen and deepen its portfolio while honoring the legacy of these iconic brands. They will join Kelly’s diverse lineup of over 20 locations, including well-loved concepts such as Claim Jumper Steakhouse & Bar, Lucky Bastard Saloon, and Whiskey River Saloon.

“Adding these beloved brewery and specialty concepts is a perfect complement to our existing restaurants, allowing us to deliver even more unique and memorable dining experiences,” said Michael Kelly, CEO of Kelly Companies of Southern California. “We are committed to honoring their roots, nurturing their community connections and exploring opportunities for growth and innovation.”

SPB after Rock Bottom, Biersch sale

SPB says this strategic transaction sharpens focus on its flagship brands—Krystal, Logan’s Roadhouse, Old Chicago Pizza & Taproom, J. Alexander’s, Stoney River Steakhouse and Grill, Amada Vino + Tapas and Village Whiskey—while enabling Kelly Companies to expand its reach with some of the most celebrated names in the brewery and specialty dining space.

“This marks a transformational chapter for SPB Hospitality as we double down on the growth of our flagship brands and the integration of our recently acquired concepts from Chef Jose Garces,” said Josh Kern, CEO of SPB Hospitality. “These breweries and specialty restaurants we’re transitioning to Kelly Companies have a rich heritage, and we are confident their team will build on this success and continue serving their communities with excellence.”