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, about $6 a decade ago, hit $17.99 at one location, drawing national coverage as customers balked.

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

Is Denny's Private Equity Owned?

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.

The PE Playbook

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.
Customer traffic had been sliding for several straight quarters before the sale.
Founded in 1953 as Danny's Donuts, Denny's spent 70 years as an independent public company before PE came calling.
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, about $6 a decade ago, hit $17.99 at one location, drawing national coverage as customers balked.

Sources

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Denny's

The PE Playbook

Since the Acquisition

Sources

Also owned by TriArtisan Capital Advisors

Also PE-touched in Restaurants

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