Shari’s Management Corporation

Shari's, headquartered in Beaverton, OR, is the dominant family dining chain in the Pacific Northwest. The company operates 97 company owned units in Washington, Oregon and surrounding states and has nearly a 30 year history of providing customers with high quality, reasonably priced meals.

Business Description

Shari’s is the dominant family dining chain in the Pacific Northwest.  The company operates 97 company owned units in Washington, Oregon and surrounding states and has nearly a 30 year history of providing customers with high quality, reasonably priced meals.  The company’s units are open 24 hours a day and offer a menu that includes a broad range of breakfast, lunch, dinner and desert items in a comfortable atmosphere.

Background

The investment opportunity in Shari’s was introduced by a private investor / executive who had previously attempted to buy the company and maintained a dialogue with the owners.  The investment in Shari’s resulted in the majority acquisition of the company.

Select Value Creation Initiatives

  • Worked with management on a variety of product pricing and menu engineering strategies that enhanced the value perception of the chain and increased same store sales.

Outcome

Shari’s was sold to a financial buyer in 2005 resulting in an attractive total return on the combined junior debt and equity investment.  Nicolet Capital’s President worked closely with the company and its advisors to manage the exit.

Testimonials

“It was a pleasure to have Brett Snyder on our board.  Brett brought a new level of professionalism to our management team.”

-Larry Curtis, President of Shari’s

Latest News

  • February 28, 2015
    Nicolet Capital Speaks at Plastics, Packaging and Converting Industry Conferences

    Nicolet Capital Partners, LLC, was a guest speaker at The Packaging Conference in Tampa, FL earlier this month. Mr. Snyder participated on a panel regarding M&A trends in packaging along with several other industry experts including former Coveris CEO Jack Knott and former Alloyd CEO Ed Parkinson.

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  • June 2, 2014
    Nicolet Capital Sells Investment in Pretium to Genstar

    Nicolet Capital Partners, LLC, a private equity firm in Chicago, IL, announced today that it has sold its investment in Pretium Packaging to private equity firm Genstar Capital.

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  • January 6, 2014
    Nicolet Capital Completes Acquisition of Star Packaging

    Nicolet Capital Partners, LLC, a private equity firm in Chicago, IL, announced today that it has successfully completed the acquisition of Star Packaging Corp. from private equity firm Azalea Capital.

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