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Is Denny's Owned by Private Equity?

Yes — Denny's is owned by TriArtisan Capital Advisors, which acquired it in 2026.

PRIVATE EQUITY OWNED

Denny's

Includes Dennys

diner · Spartanburg, SC

PE Firm
TriArtisan Capital Advisors →
Acquirer
TriArtisan Capital Advisors / Treville Capital Group / Yadav Enterprises
Year Acquired
2026

The last 24-hour diner standing just got a PE landlord.

What They Did

  1. TriArtisan Capital Advisors, Treville Capital Group, and franchisee Yadav Enterprises took Denny's private in a $620 million deal that closed in January 2026, after the chain had shut about 150 underperforming locations
  2. Customer traffic had been sliding for several straight quarters before the sale
  3. Founded in 1953 as Danny's Donuts, Denny's went public about a decade after its 1959 rename — and it was already bought with borrowed money once, back in the 1980s
  4. Lead buyer TriArtisan also owned TGI Fridays and Hooters of America when both chains filed for bankruptcy, in 2024 and 2025

Since the Acquisition

  • Denny's closed 88 restaurants in 2024 and planned 70 to 90 more in 2025, roughly 150 locations in all
  • Menu prices climbed sharply: the Lumberjack Slam hit $17.99 at one location — Redditors said they'd paid half that not long ago — and the sticker shock made national news

Sources

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Also owned by TriArtisan Capital Advisors

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What people ask

Is Denny's owned by private equity?

Yes. Denny's is currently owned by TriArtisan Capital Advisors, which acquired it in 2026. The last 24-hour diner standing just got a PE landlord.

What happened to Denny's after the acquisition?

Denny's closed 88 restaurants in 2024 and planned 70 to 90 more in 2025, roughly 150 locations in all. Menu prices climbed sharply: the Lumberjack Slam hit $17.99 at one location — Redditors said they'd paid half that not long ago — and the sticker shock made national news.

Who owns Denny's?

Denny's is owned by TriArtisan Capital Advisors, which acquired it in 2026.

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