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CapitalSpring Completes Significant Investment in Connor Concepts to Support Growth

KNOXVILLE, Tenn. and NASHVILLE, Tenn. (PRWEB) December 10, 2019
Connor Concepts, Inc. (“Connor Concepts” or the “Company”) and CapitalSpring, a leading private investment firm focused exclusively on the branded restaurant and food service industries, today announced a recapitalization to support the Company’s financial goals and facilitate new store growth in the Southeast and Midwest. Terms of the transaction were not disclosed.
Founded in 1992 and headquartered in Knoxville, TN, Connor Concepts is the operator of two successful restaurant brands: The Chop House and Connors Steak & Seafood. Connor Concepts reflects a rich tradition of hospitality and excellence, driving success through an unrelenting commitment to “Superior Dining Experiences. Everyday.” Both concepts appeal to the “polished casual” diner by offering premium food with an emphasis on quality menu offerings, warm and inviting atmospheres, and best-in-class service from energetic team members. This unique dining experience has resulted in both concepts consistently outpacing industry same store sales trends while earning some of the highest current foot traffic and guest retention rates among competitors. Connor Concepts is built on an exceptional culture, led by founder and CEO Mike Connor and his team, all key members of which are continuing in their current roles following the transaction.
“Mike started Connor Concepts over 27 years ago. Throughout the growth of the business, he and his team have been uncompromising in the traditions that drive an exceptional employee culture and unmatched guest experience,” said CapitalSpring’s Chad Spaulding. Indeed, the Company has been consistently awarded guest accolades and industry reviews for its outstanding value, menu and hospitality. Wade Daniel, also from CapitalSpring, continued, “We are really proud to have provided Mike and the management team this creative capital solution that keeps control in their hands, while still accomplishing their strategic and financial goals. We believe this is a unique investment structure for a unique restaurant Company, all aimed at protecting that which makes Mike’s vision exceptional.”
“I was afraid that in taking on an institutional capital partner I’d be forced to compromise on what I think are the pillars of our success. However, CapitalSpring’s solution allows me to stay in control of the business, and gives me and my team access to their wealth of industry knowledge, best practices and resources to accelerate the growth of the Company,” said CEO Mike Connor. “We really feel like we found a partner who values the culture we have built and who will be a collaborative supporter of our growth. With CapitalSpring as a partner, we can continue to deliver the same exceptional dining experiences to guests in new markets.”
Both FocalPoint Partners and Morgan Stanley served as financial advisors to Connor Concepts, and Brock PLC served as the Company’s legal advisor in connection with the transaction. CapitalSpring’s legal advisor was Waller Lansden Dortch & Davis LLP.
About CapitalSpringFounded in 2005, CapitalSpring is a private investment firm focused exclusively on the branded restaurant and food service industries. The Firm currently manages assets in excess of $1.4 billion and has completed investments in over 60 different restaurant brands and 5,000 restaurant locations. CapitalSpring focuses on supporting proven management teams with a range of structured credit and private equity solutions and has offices in Nashville, Los Angeles, Atlanta, and New York. For more information about CapitalSpring, please visit http://www.capitalspring.com.
Media Contact:Cassidy McAloon1851 Franchisecassidy@nolimitagency.com312-526-2996

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PKF O’Connor Davies Appoints Thomas Blaney to Regional Head of New England

“I’m proud of the role I’ve played in shaping the direction of the Firm as it’s expanded into new geographic areas and service capabilities, and this new position enables me to utilize that experience in a meaningful way,” said Blaney.

NEW YORK (PRWEB) December 06, 2019
PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax, and advisory firms, announced today it has appointed Thomas Blaney to Regional Head of New England. Blaney currently serves as Partner at the Firm and Director of the Private Foundation Practice. He also leads the Firm’s Governance Committee. In his new role, Blaney will be responsible for financial and operational oversight of all of the Firm’s New England offices while leading our strategic growth initiative and expansion plans from Stamford, CT, to Boston.
“Tom is a proven industry leader and a trusted member of the PKF O’Connor Davies leadership team,” said Kevin J. Keane, Managing Partner. “As we expand our footprint in New England and build out the services and solutions we offer, we need a leader who can ensure that growth matches our culture and our commitment to next-level client service. Tom’s long career with the Firm and his experience in governance and executive leadership make him the perfect choice to oversee this ongoing effort.”
Blaney has more than 35 years of industry experience specializing in the accounting and tax aspects of exempt organizations and has been with the Firm for nearly two decades. In addition to his role as leader of the Firm’s Governance Committee, he served on the Executive Committee for more than 10 years. In his role as Regional Head of New England, he will use this governance and leadership experience to forge strong cultural and operational partnerships with firms joining PKF O’Connor Davies in the New England area. This will include ensuring efficient transitions as well as facilitating collaboration at locations throughout New England and with all of the Firm’s offices.
“I’m proud of the role I’ve played in shaping the direction of the Firm as it’s expanded into new geographic areas and service capabilities, and this new position enables me to utilize that experience in a meaningful way,” said Blaney.“I look forward to incorporating what makes our Firm the best in the business into new partnerships and opportunities for growth throughout New England.”Blaney is a recognized thought leader and frequent speaker, author and contributor to events and articles related to private foundations and not-for-profit topics. His work has appeared in The Wall Street Journal, Barron’s and other leading business publications. He is a Certified Fraud Examiner, licensed CPA in the states of Florida, New York and Pennsylvania, and was also appointed to the Panel on the Nonprofit Sector’s “990 PF Reform Advisory Committee.”
In 2015, Blaney received the “Ahead of the Curve” award, which is presented to the CPA who stays ahead of new legislation and trends on behalf of his clients. He is also a member of the American Institute of Certified Public Accountants (AICPA), New York State Society of Certified Public Accountants (NYSSCPA) and American Society of Fraud Examiners. He on the boards of several not-for-profits including Exponent Philanthropy, McCaddin McQuirk Foundation and Breezy Point Disaster Relief Fund. Additionally, he is on the Audit & Investment Committee of the Hudson Valley Chapter of the Make-a-Wish Foundation.PKF O’Connor Davies has 11 offices in five states as it continues to expand through organic growth and acquisitions on the East Coast. It has supported this growth with a strategic combination of promoting from within coupled with tactical external hires.
About PKF O’Connor Davies, LLP
PKF O’Connor Davies, LLP is a full service certified public accounting and advisory firm with a long history of serving clients both domestically and internationally. With roots tracing to 1891, 11 offices in New York, New Jersey, Connecticut, Maryland and Rhode Island and more than 800 professionals led by over 100 partners, the Firm provides a complete range of accounting, auditing, tax and management advisory services.
PKF O’Connor Davies is a top-ranked firm according to Accounting Today’s 2019 “Top 100 Firms” list and the Firm is also recognized as a “Leader in Audit and Accounting,” a “Pacesetter in Growth” and one of the “Top Firms in the Mid-Atlantic.” In 2019, PKF O’Connor Davies was named one of Vault’s Accounting 50, a ranking of the 50 best accounting employers to work for in North America and ranked among the top 50 most prestigious accounting firms in America in a complementary Vault survey. The Firm is the 12th largest accounting firm in the New York Metropolitan area, according to Crain’s New York Business, and the 10th top accounting firm in New Jersey according to NJBiz’s 2018 rankings.
PKF O’Connor Davies is enrolled in the AICPA Peer Review Program and has central memberships in the Private Companies Practice Section (PCPS), the Employee Benefit Plan Audit Quality Center (EBPAQC), Government Audit Quality Center (GAQC) and Public Company Accounting Oversight Board (PCAOB).
By consistently delivering proactive, thorough and efficient service, PKF O’Connor Davies has built long-lasting, valuable relationships with its clients. Partners are closely involved in the day-to-day management of engagements, ensuring a high degree of client service and cost effectiveness. The Firm’s seasoned professional staff members employ a team approach to all engagements to provide clients with the utmost quality and timely services aimed at helping them succeed. Continuity of staffing and attention to detail in all client engagements make the Firm stand out among its competitors.
PKF O’Connor Davies is the lead North American representative of the international association of PKF member firms. PKF International is a network of legally independent member firms providing accounting, tax, and business advisory services in over 400 locations in 150 countries around the world. With its tradition, experience and focus on the future, PKF O’Connor Davies is ready to help clients meet today’s ever-changing economic conditions and manage the growing complexities of the regulatory environment. For more information, visit http://www.PKFOD.com.
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PKF O’Connor Davies Hires Geoffrey K. Benedict as Partner

“We were immediately impressed with Geoff’s unique mix of skills and diverse background in several industries and saw this as an opportunity for the Firm to enhance our service offerings and support our existing team,” said Kevin J. Keane, Managing Partner.

NEW YORK (PRWEB) November 22, 2019
PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax, and advisory firms, announced today it has hired Geoffrey K. Benedict. Benedict will serve as a partner specializing in financial reporting, audit and review engagements, assurance and tax services. Benedict will advise clients with consulting for private clubs, not-for-profits, closely held businesses, and individuals.
“We were immediately impressed with Geoff’s unique mix of skills and diverse background in several industries and saw this as an opportunity for the Firm to enhance our service offerings and support our existing team,” said Kevin J. Keane, Managing Partner. “His experience combined with a commitment to lasting client relationships will be a tremendous asset. We’re thrilled to have Geoff join our team at PKF O’Connor Davies.
Benedict has more than 20 years of experience in public accounting and consulting private clubs. His significant experience with clubs of all types and sizes ranges from country clubs and golf clubs to private and for-profit clubs. Before joining the Firm, Benedict was the founding partner of Benedict Audit & Tax Group, a regional accounting firm serving the Maryland and Washington D.C. markets where he directed the assurance and tax practices. Benedict is a Certified Public Accountant (CPA) and Chartered Global Management Accountant (CGMA).
“I’m always looking for better, more effective ways to serve my clients, including staying up to date on accounting, auditing and tax regulations and finding ways to simplify solutions,” Benedict said. “I’m excited to offer a new perspective in my work with the respected team at PKF O’Connor Davies.”
Benedict received a Bachelor of Science degree in accounting from Towson University. He is also in several membership organizations including the American Institute of Certified Public Accountants (AICPA), Maryland Association of Certified Public Accountants (MACPA), Hospitality and Financial and Technology Professionals (HFTP) and the Maryland Society of Accountants (MSA). In addition to these leadership activities, Benedict is an active member of several community organizations including the charitable group, Oriole Advocates and serves as the treasurer and as a leader for a local boy scouts’ troop. In 2017, Benedict was awarded the “Big Cheese Award” presented by the Club Tax Network for “taking care of his slice of the Club industry with distinction.”
PKF O’Connor Davies has 11 offices in five states as it continues to expand through organic growth and acquisitions on the East Coast. It has supported this growth with a strategic combination of promoting from within coupled with tactical external hires.
About PKF O’Connor Davies, LLP
PKF O’Connor Davies, LLP is a full service certified public accounting and advisory firm with a long history of serving clients both domestically and internationally. With roots tracing to 1891, 11 offices in New York, New Jersey, Connecticut, Maryland and Rhode Island and more than 800 professionals led by over 100 partners, the Firm provides a complete range of accounting, auditing, tax and management advisory services.
PKF O’Connor Davies is a top-ranked firm according to Accounting Today’s 2019 “Top 100 Firms” list and the Firm is also recognized as a “Leader in Audit and Accounting,” a “Pacesetter in Growth” and one of the “Top Firms in the Mid-Atlantic.” In 2019, PKF O’Connor Davies was named one of Vault’s Accounting 50, a ranking of the 50 best accounting employers to work for in North America and ranked among the top 50 most prestigious accounting firms in America in a complementary Vault survey. The Firm is the 12th largest accounting firm in the New York Metropolitan area, according to Crain’s New York Business, and the 10th top accounting firm in New Jersey according to NJBIZ’s 2019 rankings.
PKF O’Connor Davies is enrolled in the AICPA Peer Review Program and has central memberships in the Private Companies Practice Section (PCPS), the Employee Benefit Plan Audit Quality Center (EBPAQC), Government Audit Quality Center (GAQC) and Public Company Accounting Oversight Board (PCAOB).
By consistently delivering proactive, thorough and efficient service, PKF O’Connor Davies has built long-lasting, valuable relationships with its clients. Partners are closely involved in the day-to-day management of engagements, ensuring a high degree of client service and cost effectiveness. The Firm’s seasoned professional staff members employ a team approach to all engagements to provide clients with the utmost quality and timely services aimed at helping them succeed. Continuity of staffing and attention to detail in all client engagements make the Firm stand out among its competitors.
PKF O’Connor Davies is the lead North American representative of the international association of PKF member firms. PKF International is a network of legally independent member firms providing accounting, tax, and business advisory services in over 400 locations in 150 countries around the world. With its tradition, experience and focus on the future, PKF O’Connor Davies is ready to help clients meet today’s ever-changing economic conditions and manage the growing complexities of the regulatory environment. For more information, visit http://www.PKFOD.com.

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PKF O’Connor Davies Hires Geoffrey K. Benedict as Partner

“We were immediately impressed with Geoff’s unique mix of skills and diverse background in several industries and saw this as an opportunity for the Firm to enhance our service offerings and support our existing team,” said Kevin J. Keane, Managing Partner.

NEW YORK (PRWEB) November 22, 2019
PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax, and advisory firms, announced today it has hired Geoffrey K. Benedict. Benedict will serve as a partner specializing in financial reporting, audit and review engagements, assurance and tax services. Benedict will advise clients with consulting for private clubs, not-for-profits, closely held businesses, and individuals.
“We were immediately impressed with Geoff’s unique mix of skills and diverse background in several industries and saw this as an opportunity for the Firm to enhance our service offerings and support our existing team,” said Kevin J. Keane, Managing Partner. “His experience combined with a commitment to lasting client relationships will be a tremendous asset. We’re thrilled to have Geoff join our team at PKF O’Connor Davies.
Benedict has more than 20 years of experience in public accounting and consulting private clubs. His significant experience with clubs of all types and sizes ranges from country clubs and golf clubs to private and for-profit clubs. Before joining the Firm, Benedict was the founding partner of Benedict Audit & Tax Group, a regional accounting firm serving the Maryland and Washington D.C. markets where he directed the assurance and tax practices. Benedict is a Certified Public Accountant (CPA) and Chartered Global Management Accountant (CGMA).
“I’m always looking for better, more effective ways to serve my clients, including staying up to date on accounting, auditing and tax regulations and finding ways to simplify solutions,” Benedict said. “I’m excited to offer a new perspective in my work with the respected team at PKF O’Connor Davies.”
Benedict received a Bachelor of Science degree in accounting from Towson University. He is also in several membership organizations including the American Institute of Certified Public Accountants (AICPA), Maryland Association of Certified Public Accountants (MACPA), Hospitality and Financial and Technology Professionals (HFTP) and the Maryland Society of Accountants (MSA). In addition to these leadership activities, Benedict is an active member of several community organizations including the charitable group, Oriole Advocates and serves as the treasurer and as a leader for a local boy scouts’ troop. In 2017, Benedict was awarded the “Big Cheese Award” presented by the Club Tax Network for “taking care of his slice of the Club industry with distinction.”
PKF O’Connor Davies has 11 offices in five states as it continues to expand through organic growth and acquisitions on the East Coast. It has supported this growth with a strategic combination of promoting from within coupled with tactical external hires.
About PKF O’Connor Davies, LLP
PKF O’Connor Davies, LLP is a full service certified public accounting and advisory firm with a long history of serving clients both domestically and internationally. With roots tracing to 1891, 11 offices in New York, New Jersey, Connecticut, Maryland and Rhode Island and more than 800 professionals led by over 100 partners, the Firm provides a complete range of accounting, auditing, tax and management advisory services.
PKF O’Connor Davies is a top-ranked firm according to Accounting Today’s 2019 “Top 100 Firms” list and the Firm is also recognized as a “Leader in Audit and Accounting,” a “Pacesetter in Growth” and one of the “Top Firms in the Mid-Atlantic.” In 2019, PKF O’Connor Davies was named one of Vault’s Accounting 50, a ranking of the 50 best accounting employers to work for in North America and ranked among the top 50 most prestigious accounting firms in America in a complementary Vault survey. The Firm is the 12th largest accounting firm in the New York Metropolitan area, according to Crain’s New York Business, and the 10th top accounting firm in New Jersey according to NJBIZ’s 2019 rankings.
PKF O’Connor Davies is enrolled in the AICPA Peer Review Program and has central memberships in the Private Companies Practice Section (PCPS), the Employee Benefit Plan Audit Quality Center (EBPAQC), Government Audit Quality Center (GAQC) and Public Company Accounting Oversight Board (PCAOB).
By consistently delivering proactive, thorough and efficient service, PKF O’Connor Davies has built long-lasting, valuable relationships with its clients. Partners are closely involved in the day-to-day management of engagements, ensuring a high degree of client service and cost effectiveness. The Firm’s seasoned professional staff members employ a team approach to all engagements to provide clients with the utmost quality and timely services aimed at helping them succeed. Continuity of staffing and attention to detail in all client engagements make the Firm stand out among its competitors.
PKF O’Connor Davies is the lead North American representative of the international association of PKF member firms. PKF International is a network of legally independent member firms providing accounting, tax, and business advisory services in over 400 locations in 150 countries around the world. With its tradition, experience and focus on the future, PKF O’Connor Davies is ready to help clients meet today’s ever-changing economic conditions and manage the growing complexities of the regulatory environment. For more information, visit http://www.PKFOD.com.

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PKF O’Connor Davies Hires Steven J. Eller as Partner

Recognized expert brings over 30 years of experience in public accounting, real estate, manufacturing and closely-held family business services.(PRWeb November 13, 2019)Read the full story at https://www.prweb.com/releases/pkf_oconnor_davies_hires_steven_j_eller_as_partner/prweb16718301.htm