Authentic Restaurant Brands Secures $325M Investment to Fuel Growth
Authentic Restaurant Brands, the owner of Pollo Tropical and other regional restaurant chains, has secured a $325 million investment from London-based asset manager Trimontium. The funding will be used for expansion through new locations and brand acquisitions. Authentic plans to grow its portfolio of 'hometown hero' brands while modernizing them with technology investments. The company currently operates 225 locations across multiple concepts, including Pollo Tropical (122 units), P.J. Whelihan's, Primanti Bros, Tavern in the Square, and Mambo Seafood. It reported over $1 billion in combined annual revenue and four consecutive years of positive same-store sales growth. Authentic was founded in 2021 as a subsidiary of private-equity firm Garnett Station Partners. The investment includes debt, equity, and hybrid financing options with potential for additional capital to support future expansion plans.
