South Carolina-based restaurant group Ovation Brands Inc. has retained corporate financial advisory Duff & Phelps Corp. to assist with an evaluation of potential strategic alternatives including a sale of the business. Ovation Brands operates 328 restaurants in 35 states. Its portfolio includes five buffet brands – Ryan’s, HomeTown Buffet, Old Country Buffet, Country Buffet and Fire Mountain along with the Tahoe Joe’s Famous Steakhouse casual brand. Ovation Brands CEO Anthony Wedo, who joined the organization in late 2012, has led the reinvention of the five buffet brands, and stated that its restaurants now offer the ‘best of both worlds.’ “We have proven that our reinvention works and have demonstrated incredible success. We are now poised to expand our reinvention to other markets,” said Wedo. “We are looking for investment partners ready to grow with us.” In addition to its corporate headquarters in Greer, Ovation Brands has a corporate support center in Eagan, Minnesota. Duff & Phelps is a global corporate finance and valuation advisor with expertise in M&A, private financing, restructuring, complex valuation and dispute consulting.
Ovation Brands Inc. Corporate Support Center – 1020 Discovery Rd., Suite 100, Eagan, Minnesota 55121 (651/365-2173 www.ovationbrands.com)
Ovation Brands Inc. Corporate Headquarters – 405 Lancaster Ave., Greer, South Carolina 29650
Duff & Phelps Corp. – 55 East 52nd St., New York, New York 10055 (866/282-8258 www.duffandphelps.com)