•Citing Smashburger’s impressive growth and management, Golub Capital
recently invested $35 million in capital funding in the better-burger, fast-
casual restaurant chain. The funding is the first outside investment into
Smashburger since its founding, and it will allow the company to expand at
a faster rate. Smashburger began in 2007 with an investment from
restaurant developer Consumer Capital Partners.
•The investment from Golub, an equity firm based in New York, is
expected to help Smashburger grow into some of the bigger U.S. cities.
The chain is looking to expand in San Francisco, Washington, and Los
Angeles, and it hopes eventually to move into markets in Canada,
England, and Australia.
•Golub Capital specializes in consumer, restaurant, and retail
businesses, and managing director Charles Riceman said he believes
Smashburger is positioned to become a leader in the fast-casual food
•“We were impressed with Smashburger’s industry-leading franchisees, as
well as the company’s execution on its business goals to date, and we look
forward to being a part of the company’s success going forward,” Riceman
said in a Denver Business Journal report.