Bob Evans Restaurants Acquired by 4x4 Capital

Bob Evans Restaurants, a 400-unit family-dining chain, was acquired by private-equity firm 4x4 Capital from Golden Gate Capital, which owned the brand since 2017. Bob Evans management, including CEO Mickey Mills, will stay in place.

4x4 said it plans long-term growth for the New Albany, Ohio-based chain known for “farm-fresh” comfort food and low prices. The article reports Bob Evans posted three years of positive systemwide sales from 2021 to 2023 and closed about 75 locations, moving from 505 to 430. In 2024, it generated $761.2 million in sales, or about $1.8 million per restaurant.