Tc4 & Co. Hospitality announced the acquisition of fellow Austin-based restaurant chain, Mighty Fine Burgers Fries & Shakes. Formerly owned by K&N Management, Mighty Fine currently has five locations in the Austin area.
Tc4 & Co. Hospitality is led by partners Tony Ciola and Creed Ford IV, and is known for its three concepts: Tony C’s Coal Fired Pizza, Tony C’s Pizza & Beer Garden, and The League Kitchen and Tavern. Founded in 2011, Tc4 currently owns and operates seven locations of these restaurants in the Austin area, with a fourth location of The League set to open in early 2021.
“We have been longtime fans of Mighty Fine’s concept, as well as the quality of food and service,” says Ford. “When this opportunity presented itself, we knew we had to act quick.”
Like the majority of Tc4’s restaurants, Mighty Fine has had success in suburban locations. "Mighty Fine is a natural fit for Tc4’s suburb-rooted brands which has been a major factor in Tc4’s past and present success,” says Ciola.
The acquisition brings Tc4 to an estimated total of 500 employees, up from 250 in 2019, with total sales projected to triple in less than a year.
Tc4 is actively looking to expand Mighty Fine’s locations in Austin and other major Texas cities in late 2021 and early 2022. According to Tc4, changes will be made operationally, but nothing significant that changes the guest experience. "They have a great operation and we want to sustain what they’ve built,” says Ciola.
Ford adds, "We are lucky to have gotten a brand that's been operated so well since 2007 and does such a good job with made-from-scratch foods, made to order, which we do in all of our brands. We’re excited to grow the Mighty Fine brand in the coming years.”