OHG Brands, the company that emerged from Fat Brands’ bankruptcy with Round Table Pizza, Fazoli’s, and Johnny Rockets under its umbrella, has overhauled its executive team. The new operator, Streetlight Ventures, is led by Anthony Ackil, who built and sold B.Good and was named chairman of Red Robin last year.
Fat Brands filed for bankruptcy earlier in 2026 under a heavy debt load. The company was broken up and sold in parts: Twin Peaks went to bondholders, Hot Dog on a Stick was acquired by Amazing Brands, Elevation Burger was sold to a company based in Kuwait, and what remained, now operating as OHG Brands, passed to a group of former bondholders organized under FGB Bid Co. Court documents show that FGB Bid Co. hired Ackil and Streetlight Ventures in July to run the remaining portfolio, which includes Round Table Pizza, Fazoli’s, Johnny Rockets, Fatburger, and several other chains.
Round Table Pizza
Pizza Royalty
- Restaurant
A New Operator Takes the Helm
Streetlight Ventures is an investment and operating company that Anthony Ackil started after selling B.Good, the fast-casual chain he co-founded in 2004 and sold in 2018. Streetlight has built a portfolio of regional restaurant brands, including Burtons Grill & Bar, Anna’s Taqueria, and Otto Pizza, with a concentration in the New England market.
It periodically invests in brands, and OHG Brands marks its most significant operating role to date. Ackil was also named chairman of Red Robin last year, giving him concurrent oversight of a large public casual-dining chain.
New C-Suite Hires Across Every Function
OHG Brands announced a broad set of executive appointments spanning its operations, HR, and legal functions. Stephen England was named Chief Operating Officer. Jose Ponce, who previously worked with concepts under Restaurant Brands International, was appointed chief of staff and head of HR. Artie Jones, a former executive at BJ’s Wholesale Club, was named general counsel.
The company described the hires as reflecting its intent to build what England called a “high-performing organization” structured for franchise development. The new management team is a mix of these new hires and executives who stayed on from the previous Fat Brands structure.
What This Means for Franchisees of These Brands
For the franchise operators of Round Table Pizza, Fazoli’s, Johnny Rockets, and the other OHG concepts, the leadership change is the third in under two years. The brands first operated under the original Fat Brands management structure, then passed through the transitional FGB Bid Co. period following the bankruptcy, and are now under Streetlight Ventures’ direction.
No other US media outlet reporting on this transition noted that dimension. Franchisees now have an entirely rebuilt C-suite under a new operating partner, all within a compressed window. Industry observers typically flag management continuity as one of the variables franchisees monitor closely during a corporate restructuring.
To know
Streetlight Ventures and Launchpad Capital recently formed a SPAC, Launchpad Streetlight Acquisition Corp., targeting acquisitions across the restaurant and hospitality sectors. The vehicle is designed to take companies public through a reverse merger, a structure that has been used in the restaurant industry before. OHG Brands’ direction under Streetlight may eventually intersect with that capital strategy.
What to Watch in the Coming Months
OHG Brands has not publicly stated a timeline for stabilizing its franchise systems or announced any plans related to unit count or development. Streetlight Ventures continues to manage its existing portfolio of regional brands alongside the OHG assignment.
The formation of Launchpad Streetlight Acquisition Corp. introduces a potential capital markets dimension to the story. For franchisees and prospective operators, the sale process that produced OHG Brands is now closed, and the company’s day-to-day direction is under Streetlight management. The next meaningful signals will come from the new leadership team’s operational decisions and from any franchise disclosure documents updated to reflect the new corporate structure.
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