SPB Hospitality Sells Logan's Roadhouse to Cicis Owner SSCP Management

SPB Hospitality has sold Logan's Roadhouse to SSCP Management, completing the Houston-based company's six-year unwinding of the CraftWorks Holdings portfolio it assembled in 2020. Terms were not disclosed.

The deal hands the 125-unit steakhouse chain to Dallas-based SSCP, which owns Cicis Pizza, Corner Bakery, and Roy's and operates dozens of Applebee's and Sonic locations as a franchisee. For SSCP, Logan's marks its third acquisition in five years and its first move into the casual-dining steak category. The company previously partnered with Gala Capital to pull Cicis out of bankruptcy in 2021, then acquired Corner Bakery out of bankruptcy in 2023; it had earlier bought the Roy's polished-casual chain from Bloomin' Brands in 2015.

SPB picked up Logan's in June 2020 as part of its purchase of CraftWorks Holdings, a package that also included Old Chicago Pizza & Taproom and a cluster of brewery concepts. The divestitures started in 2024, when SPB sold Rock Bottom Restaurant & Brewery, Gordon Biersch Brewery Restaurant, ChopHouse & Brewery, Ragtime Tavern, and Seven Bridges Grille & Brewery to Kelly Companies. Old Chicago followed in July 2025. Logan's completes the exit.

Going forward, SPB — an affiliate of Fortress Investment Group — said it will concentrate on upscale-casual and chef-driven concepts: J. Alexander's, Stoney River, and the Garces Collection, which includes Amada and Village Whiskey. The company also retains the fast-food chain Krystal. "As part of this strategic decision, SPB will focus its resources on growing its upscale-casual and chef-driven brands," a company representative told Nation's Restaurant News. "The company is confident Logan's Roadhouse is well-positioned for continued success under SSCP's ownership and leadership."

The chain SSCP is inheriting has shown mixed signals. According to Technomic data, Logan's sales fell 10% between 2021 and 2024, and 11 locations closed over that stretch. As of the end of 2024, the chain reported $375.3 million in annual sales, a 3.2% year-over-year decline, and ranked as the seventh-largest casual steak chain in the U.S. by sales.

There are brighter data points. Logan's moved from ninth to first overall in Market Force's casual dining customer experience rankings, and the share of surveyed consumers who said they intended to visit the brand climbed from 27.6% in 2024 to 37% in 2025. SPB had also invested in the product itself; in August 2024, then-CEO Josh Kern told Restaurant Business that Logan's had put money into better steaks and was ramping up training to ensure employees were preparing them correctly. The chain's most recent spring menu additions include Sweet Chili Lime Salmon and Tajin Steak Skewers.

SSCP did not respond to requests for comment before publication. What the new owner plans for Logan's operations, staffing, or capital investment remains publicly unknown.