Tom’s Watch Bar announced today a $30M fundraising and partnership with Sagard Credit Partners for a structure that provides a unique platform for growth. Tom’s Watch Bar currently has five existing super sports bars with eight new super sports bars in construction. Stephens Inc. served as exclusive financial advisor to Tom’s Watch Bar in the transaction. Tom’s Watch Bar is owned by SIF Partners which provided the initial equity capital.

The company stated that the capital is earmarked to grow new units across the country and continue investment in the collection of data and technologies in the rapidly growing and evolving world of consumer sports entertainment.

“Tom’s Watch Bar is excited for the opportunity to partner with Sagard Credit Partners for the continued growth of our innovative sports bar concept, with the goal of making every seat the best seat in the house. We are proud to bring our unique combination of screens, drink and food to eight more locations in the U.S.,” said Tom Ryan, CoFounder of Tom’s Watch Bar.

The company is currently negotiating 10 other LOIs for new Tom’s Watch Bars slated for the second half of 2023 and early 2024.