News

Back Yard Burgers acquired by private equity firm

July 10, 2017

Back Yard Burgers has a new boss. Axum Capital Partners, a Charlotte, North Carolina-based private equity firm, has acquired a controlling interest in the company, according to a company press release. 

"Partnering with Axum creates an exciting opportunity for our dedicated franchise partners and loyal team members to reach the next level of success," said David McDougall, CEO, in a news release. He joined the 55-unit operator and franchisor about five years ago. "We're well on our way to becoming the market leader in our category, and we're thrilled to be working with Axum's experienced leadership team."

McDougall said he and his team will work closely with Axum to strengthen the company's competitive position and execute its growth strategy.

"David and his team have made great strides and we are pleased to support their next phase of growth," said Edna Morris, Axum managing director, in a news release. "The better burger category remains strong, and Back Yard Burgers is poised for growth."