TriArtisan Buys Denny’s for $620M Going Private

Denny’s has been acquired in a going-private transaction valued at $620 million by private equity investors TriArtisan Capital Advisors, Treville Capital, and Yadav Enterprises. The deal was finalized on Jan. 16, 2026, after being announced in November 2025.

As part of the terms, Denny’s stockholders were paid $6.25 per share of common stock. The transaction took the company private and followed a plan to close 150 U.S. locations that Denny’s confirmed as completed shortly before the sale closed.

Denny’s operates more than 1,300 restaurants in the U.S. and almost 1,500 worldwide, and the new owners said they plan to inject resources to support franchisees and accelerate growth.