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Texas Burger Chains Hopdoddy and Grub to Merge.

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Vincent

MANews-(C)2009-2022

Texas, US-based burger restaurant operator Hopdoddy Burger Bar has entered into a definitive agreement to acquire Texas-based brand Grub Burger Bar, the company said.

Terms of the transaction were not disclosed.

The new combined company, HiBar Hospitality Group, is backed by L Catterton and will be led by Hopdoddy CEO Jeff Chandler.

Grub founder and CEO Jimmy Loup will retain a stake in the combined business and join the company's board of directors.

Hopdoddy, which has been part of the L Catterton family since 2014, is recognized as an award-winning burger bar and a unique, creative industry leader in the better burger space, creating fanatical followers nationwide.

With its unique and compelling brand positioning, menu offerings, and superior, category-leading financial results, Hopdoddy is ramping up development and expanding in its core markets at a continued pace of 8-12...

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