Latest news with #Garn
Yahoo
03-07-2025
- Business
- Yahoo
Sizzling Platter partners Bain Capital to accelerate expansion
Utah, US-based restaurant franchise platform Sizzling Platter has announced a partnership with private investment firm Bain Capital to drive its next chapter of growth. The investment from Bain Capital North American Private Equity aims to speed up Sizzling Platter's growth in partnership with category-leading restaurant brands. The transaction's financial details remain undisclosed. Sizzling Platter, which operates brands such as Little Caesars and Dunkin', will continue under the leadership of CEO Nathan Garn. Founded in 1963, Sizzling Platter has grown into a significant franchise platform in North America, with 800 locations and a workforce exceeding 13,000. The company's portfolio also includes well-known fast-casual and quick-service restaurant brands Wingstop and Jamba. Garn stated: 'Bain Capital's extensive experience investing in growing restaurant businesses makes it the right value-added partner to help expand our platform.' Bain Capital's Adam Nebesar and Mark Saadine expressed their enthusiasm for the partnership, citing Sizzling Platter's strong brand portfolio and growth potential. They aim to enhance the company's capabilities and foster accelerated growth. Nebesar stated: 'With an exceptional portfolio of category defining brands, deep operational expertise and a proven track record of profitable growth, we believe that Sizzling Platter is uniquely positioned to continue to scale as a global leader in franchising.' Saadine stated: 'We are excited to partner with Nate and the team to build on its strengths and long-term brand partnerships to enhance capabilities and accelerate growth.' BofA Securities and Kirkland & Ellis advised Bain Capital, while UBS Investment Bank and Proskauer Rose provided counsel to Sizzling Platter and CapitalSpring. The deal also saw financial advisory services from Deutsche Bank and North Point, with multiple banks offering committed debt financing. "Sizzling Platter partners Bain Capital to accelerate expansion" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Axios
10-03-2025
- Politics
- Axios
When a Utah lawmaker got a standing ovation for confessing to naked hot-tubbing with teen
Fifteen years ago this week, the Utah House Majority Leader got a standing ovation from the state legislature after he confessed that he went hot tubbing naked with a 15-year-old. This is Old News, our weekly emphatic recitation of this sentence: No, we are not making this up. What drove the news: After the late-night end of the 2010 legislative session, then-Rep. Kevin Garn (R-Davis County) told his fellow lawmakers he was resigning because he went hot tubbing in the nude with the teenager in 1985, when he was 28 (or 30?) and married — and then paid her $150,000 to keep quiet during his 2002 Congressional campaign. Garn had been her 4th grade Sunday school teacher in the Church of Jesus Christ of Latter-day Saints and later was her boss at her high school job. The Republican-controlled, predominantly-Latter-day-Saint legislature gave Garn a standing ovation. They then lined up to console him and his wife, praising his years of service. Between the lines: While Garn said there was no touching, the woman said Garn lied, that they were in a long-term relationship, and that he had affairs with other people. The intrigue: The woman had told the church-owned Deseret News of the relationship during Garn's congressional run, and Garn tearfully confessed — but editors killed the story, per a subsequent examination by a BYU journalism professor. What happened: The woman, Cheryl Maher, was killed the next year by her boyfriend's 18-year-old son in a murder-suicide in New Hampshire. Behind the scenes: I was a lowly night cops reporter at the time. But after 18 years in the media here, it's tough to recall a local news development that left Utah's political observers so … well, shook. In newsrooms and at Murphy's (our after-hours HQ back in the day) heads were shaking for a good long while. Some other women journalists told me they felt uncomfortable interviewing male lawmakers after that ovation. The latest: Each year, reporters stay at the Capitol well after the final votes — and even after the legislature concludes their traditional musical performance (yes, this also is a real thing) — in part because of Garn's post-session disclosures that night. Previously in Old News Meet James Beckwourth, the Black mountain man long ignored by history Amid Trump tariffs, the econ lesson Ferris Bueller missed When Alta was "the jaws of death" The Fort Utah Massacre: Murder, execution and decapitation The most popular baby in SLC
