Iconic diner chain sold in $620 Million deal

Denny’s Corporation, the American diner chain known for its 24/7 breakfasts and Grand Slam meals, has completed its previously announced acquisition on January 16, 2026.

For $620 million, an investor group led by TriArtisan Capital Advisors LLC, along with Treville Capital Group and Yadav Enterprises, acquired the owner and operator of Denny’s Inc. and Keke’s Inc.

There are more than 1,500 restaurants across the U.S., most of them franchised.

Between 2024 and 2025, Denny’s closed nearly 180 underperforming locations nationwide, with the bulk of the closures occurring in older, lower-traffic markets.

California accounts for roughly 349 remaining restaurants, making it the state with the largest concentration of Denny’s diners.

Denny’s transitions to private ownership

Following the transaction, Denny’s common stock ceased trading on the Nasdaq after the close of business.

Under the all-cash deal, shareholders received $6.25 per share.

The move marked Denny’s transition to private ownership, giving the new owners more flexibility to reshape the business.

In a statement, Denny’s CEO Kelli Valade called the closing “an important milestone” and reaffirmed the company’s dedication to supporting franchisees and serving customers under the new ownership structure.

TriArtisan co-founder Rohit Manocha said the firm’s experience in the restaurant industry positions the diner chain well for long-term growth.

“Denny’s is an iconic piece of the American dream, with a renowned brand, a strong franchise base and loyal customers,” Manocha said.

TriArtisan, along with Yadav Enterprises, brings experience with brands including P.F. Chang’s and TGI Friday’s to support Denny’s growth under its new private ownership.