Core Insights - Uncommon Equity, a private equity firm based in Chicago, has acquired Project BarFly, the parent company of the HopCat restaurant group, which operates 12 restaurants in Michigan and one in Nebraska [1][2] Company Overview - HopCat, founded in 2008, is recognized as a leader in the craft brew restaurant sector, offering scratch-made cuisine and a selection of local craft beers [2] - The company faced significant challenges during the COVID-19 pandemic, leading to a Chapter 11 bankruptcy filing in June 2020 [2] - In October 2020, HopCat's assets were sold for $17.5 million, resulting in the formation of Project BarFly LLC [2] Transaction Details - The financial specifics of the acquisition by Uncommon Equity were not disclosed [1] - Uncommon Equity's CEO, Dan Kipp, expressed enthusiasm about the acquisition and plans to grow the HopCat brand while maintaining its focus on quality food and a friendly atmosphere [3][5] - Kipp will join HopCat's board of directors, alongside existing leadership [4] Strategic Vision - HopCat's CEO, Craig Stage, emphasized that the acquisition represents a continuation of the brand's mission to bring people together, with plans for investment in team development, new locations, and innovation [5] - The transaction's senior debt was provided by OakNorth Bank PLC, with legal and financial advisory support from Much Shelist, P.C. and Mastodon Ventures, Inc. respectively [5] Uncommon Equity's Portfolio - Uncommon Equity's investment portfolio includes various restaurant franchises such as Redberry Restaurants and Rib Rack Premium BBQ [6]

Core Insights - The Chop House, part of the Connor Concepts restaurant group, is set to open a new location in Alcoa, Tennessee, in spring 2026, highlighting the brand's growth in East Tennessee and commitment to superior dining experiences [1][4] - The new restaurant will create numerous local employment opportunities, with hiring expected to begin in early 2026 [1][3] Company Overview - The Chop House is an upscale-casual steakhouse concept founded in 1992, known for hand-cut premium steaks, fresh seafood, and craft cocktails, operating across the Southeast [5] - The restaurant group also operates Connors Steak & Seafood, which has received national recognition, including being listed among OpenTable's Top 100 Most Loved Restaurants in America [4][6] Restaurant Features - The Chop House Alcoa will feature rich wood décor and comfortable seating, creating a warm and inviting atmosphere, with a menu that includes hand-cut steaks, fresh seafood, and signature cocktails [2][5] - The location will open daily for lunch starting at 11 a.m., offering a curated lunch menu and hosting happy hours [3]