Goode Partners LLC, a New York-based private equity firm, announced that it has made a strategic investment in STONEFIRE Grill, Inc., a Southern California-based fast casual restaurant chain that offers a diverse, value-oriented menu of quality made-from-scratch items. With the investment, the Company is expected to expand both within its core market as well as in new geographic territories.
"We are excited to be partnering with the founders and management team to expand this neat concept," said Dan Bonoff, a Partner at Goode. "STONEFIRE's menu of reasonably priced, made-from-scratch items is broadly appealing for both on-premise and off-premise dining. In an environment where consumers have what seems to be ever increasing dining options and lower grocery costs, STONEFIRE Grill has been able to grow impressively by offering a truly compelling quality/value proposition. We look forward to working with this talented team to introduce this emerging concept to more consumers."
Kaduri Shemtov, co-founder of STONEFIRE Grill said, “Goode Partners provides us with both capital and extensive experience in the restaurant industry. This partnership will allow us to expand STONEFIRE Grill’s reach.”
“We have a great deal of excitement about this relationship and what it means, not only for the STONEFIRE Grill brand, but also for the team that helped build it into what it is today,” said Mary Harrigan, co-founder of STONEFIRE Grill. “We look forward to the career opportunities this will provide for STONEFIRE Grill’s current and future team members.”
Headquartered in Westlake Village, California, the Company currently operates nine units in Southern California: eight STONEFIRE Grill branded units and one Rattlers BBQ. Mary Harrigan and Kaduri Shemtov founded the Company, and it is currently operated by Kyle Lopez, Justin Lopez and Matt Calabrese. In 2016, Nation’s Restaurant News recognized STONEFIRE Grill on its “Next 20” restaurant chains list.
About Goode Partners
Goode Partners LLC is a New York-based private equity firm that focuses on investment opportunities in the retail, restaurant, apparel, direct marketing and branded consumer products sectors. The firm leverages its unique combination of investment capital, a team of professionals with experience investing in and operating some of the world’s premiere consumer brands and an extensive industry network. More information on Goode Partners and its team can be found on the firm’s website www.goodepartners.com.