Investment platform 4×4 Capital has acquired US-based Bob Evans Restaurants from Golden Gate Capital for an undisclosed amount.
The deal is intended to support the long-term growth of the Bob Evans Restaurants business, the companies said in a joint statement.
Bob Evans operates more than 400 family-style outlets across 18 US states and employs over 15,000 people.
Under the agreement, CEO Mickey Mills and the current management team will remain in their roles.
Mills said: “We are proud of what we accomplished in partnership with Golden Gate Capital and excited to begin this next chapter with 4×4’s hands-on partnership.
“Together, we look forward to investing in and enhancing our operations, guest experience, and brand - with a continued focus on stability, partnership, and long-term value creation.”
4×4 Capital co-founder and partner Gustavo Assumpção will assume the position of executive board chair.
Assumpção said: “What truly sets the Bob Evans brand apart is its distinctive hospitality, welcoming ambience, and fresh, flavourful food - delivering real value for the whole family.
“We look forward to partnering with Mickey and the team to maximise long-term growth.”
Kroll’s Restaurant & Retail Investment Banking practice advised Bob Evans Restaurants on the transaction.
Piper Sandler & Co. served as adviser to 4×4 Capital.
In July 2025, Bob Evans Farmhouse Kitchen introduced three new menu items across the US. These comprise the Big Wrangler Breakfast, Honey Butter Chicken French Toast and the Buffalo Chicken Sandwich.
