4×4 Capital Acquired Bob Evans in Landmark Restaurant Deal

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Advisors and Deal Support

Kroll’s Restaurant & Retail Investment Banking practice served as exclusive advisor to Bob Evans Restaurants in the transaction. Piper Sandler & Co. acted as advisor to 4×4 Capital.

About the Companies

Bob Evans Restaurants traces its heritage to founder Bob Evans’ agricultural roots, a legacy that continues to shape the brand’s emphasis on farm-fresh meals and traditional hospitality.

4×4 Capital, headquartered in New York, invests in middle market companies throughout the consumer ecosystem. The firm combines operational experience with an active investment strategy aimed at unlocking long-term growth and operational excellence, backed by experience across multi-billion-dollar enterprises worldwide.

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With 4×4 Capital acquiring Bob Evans, the deal represents more than a transfer of ownership — it marks a passing of the torch, as a farmhouse legacy meets private equity ambition in pursuit of the next chapter of American dining.