CPE News (2.15.2024) – Walter Capital Partners has announced its fourth platform investment in Ontario through a partnership with the Charcoal Group of Restaurants to support its strong growth potential.
Led by Jody Palubiski, Kitchener, Ontario based Charcoal Group operates several restaurant brands in Ontario, including the successful Beertown Public House concept.
“Walter Capital is very pleased to be partnering with the Charcoal Group and its seasoned management team, whose highly effective, unique business model combines a superior culinary experience with a vast selection of beer and beverage,” said Éric Phaneuf, President and CEO of Walter Capital. “This time-tested business model’s strong expansion potential will allow us to continue to add more restaurants to the Canadian market. Our goal is to double the number of restaurants by opening 15 to 20 new locations in the coming years.”
photo credit: Charcoal Group
News Release
Walter Capital Partners investing in Charcoal Group, a leader in the Ontario restaurant industry
Montréal, February 15, 2024 – Walter Capital Partners (“Walter Capital”) is pleased to announce its fourth platform investment in Ontario through a partnership with the Charcoal Group of Restaurants (“Charcoal Group”) to support its strong growth potential. Charcoal Group operates several restaurant brands in Ontario, including the successful Beertown Public House concept.
“Walter Capital is very pleased to be partnering with the Charcoal Group and its seasoned management team, whose highly effective, unique business model combines a superior culinary experience with a vast selection of beer and beverage,” said Éric Phaneuf, President and CEO of Walter Capital. “This time-tested business model’s strong expansion potential will allow us to continue to add more restaurants to the Canadian market. Our goal is to double the number of restaurants by opening 15 to 20 new locations in the coming years.”
The Charcoal Group was founded in 2003, with its roots dating back to 1956, and is a best-in class multi-concept hospitality operator and brand originator throughout Ontario. With more than 20 years of experience in the hospitality industry, its management team, led by Jody Palubiski, has curated a singular, dynamic customer experience through its flagship brand, Beertown, leading to impressive same-store-sales growth. The Charcoal Group relies on a solid team built around a shared culture of excellence and a passionate drive to develop and run unique restaurant concepts.
With this investment, Walter Capital is adding a new company to its growing experiential dining industry portfolio, which features businesses that create unique, memorable and exceptional moments for their customers.
About Walter Capital Partners
Walter Capital Partners is a private equity firm part of the Walter Group. Its investment model combines capital inflow and operating expertise to support the growth of promising companies on solid and sustainable foundations, by drawing on the entrepreneurial background of the Walter Group and the extensive business leadership experience of its managing partners. Headquartered in Montréal, Walter Capital provides a solid international
network. www.waltercapital.ca
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