Garnett Station Partners, LLC , a New York-based principal investment firm, today announced it has partnered with founder Bob Platzer, CEO Jim Fris and the management team to recapitalize and provide growth capital for PJW Restaurant Group, the parent company of P.J. Whelihan’s, the largest neighborhood pub and restaurant chain in the Greater Delaware Valley. Financial terms were not disclosed.
PJW was founded in 1983 by Bob Platzer. Over the last 38 years, Bob and his wife Donna, with the support from their team, have grown the business significantly and now operate 26 locations throughout New Jersey and Pennsylvania.
“We’re extremely excited to announce our investment in P.J. Whelihan’s, an iconic brand in one of America’s greatest sports markets,” says Matt Perelman, Co-Founder and Managing Partner at Garnett Station. “Over the last three years, we’ve worked closely with Bob and Jim to thoughtfully develop a strategic growth plan to extend the P.J. Whelihan’s magic to additional communities in New Jersey and Pennsylvania. We are grateful to Bob and Jim for the opportunity to further invest in this incredible brand.”
“Matt and Alex are aligned entrepreneur investors with a very strong track record of success,” says Bob Platzer, Founder and Executive Chairman of PJW. “I founded the first P.J. Whelihan’s in 1983 to not only fulfill my own entrepreneurial and culinary dreams, but to create an authentic dining atmosphere with deep ties to the community. In partnership with Garnett Station, PJW will be able to build upon it’s already impressive growth and achieve new goals.”
Garnett Station’s investment in PJW includes all 26 units under the PJW umbrella, including its namesake P.J. Whelihan’s, in addition to The PourHouse, a high-end gastro-pub, The Chophouse, a legacy high-end steakhouse, The Chophouse Grille, a casual steakhouse, Treno, a casual Italian and pizza concept, and Central, a taco and tequila bar.