Spanos Barber Jesse & Co. Completes an Investment in Swensons Drive-In Restaurants
May 18, 2016
Walnut Creek, CA: Spanos Barber Jesse & Co. (“SBJ”), a private investment firm with offices in the San Francisco Bay Area and Dallas, announced today that it has completed an investment in Swensons Drive-In Restaurants (“Swensons”), a drive-in restaurant chain that has served award winning hamburgers, crispy extras and milk shakes since 1934.
Swensons operates seven restaurants and a food truck in Northeast Ohio and is famous for both its “Galley Boy” burger as well as exceptional customer service provided by the company’s energetic “curb servers.” “We are excited to be partnering with SBJ to grow Swensons while continuing to serve Northeast Ohio the same beloved burgers that our customers have raved about for generations,” said owner Steve Thompson.
Swensons’ CEO Jeff Flowers added, “The SBJ team brings the type of proven restaurant experience and collaborative approach that we sought in a growth partner. We look forward to leveraging SBJ’s expertise and relationships to expand the business and introduce Swensons to new markets.”
“We are thrilled to be partnering with Steve and Jeff to build upon Swensons’ legacy and fanatical customer loyalty,” commented Tom Barber, Co-Founder and Managing Director at SBJ. “Swensons is a differentiated concept that combines incredible food and service with an efficient, drive-in style of dining that produces industry leading unit economics. Don’t ask me what the secret ingredient in the burgers is though. Steve and Jeff won’t tell me,” added Tom.Back to Press