Who Owns Twin Peaks?
Twin Peaks is a private company again, operating as Summit Twin Hospitality I, LLC. In June 2026 it separated from FAT Brands after a Chapter 11 restructuring, and a group of its own franchise operators took over management.
How Twin Peaks started
The first Twin Peaks opened in Lewisville, a suburb north of Dallas, in 2005. Its mountain lodge theme, scratch made food and draft beer served at 29 degrees set it apart from other sports bars, and the chain grew quickly across Texas and the South with a mix of company owned and franchised lodges.
Ownership timeline
| Year | What happened |
|---|---|
| 2005 | First Twin Peaks opens in Lewisville, Texas |
| 2021 | FAT Brands, owner of Fatburger and Johnny Rockets, buys Twin Peaks for about $300 million |
| January 2025 | FAT Brands lists Twin Peaks and Smokey Bones as Twin Hospitality Group on the Nasdaq, while keeping control |
| January 2026 | FAT Brands and Twin Hospitality file for Chapter 11 bankruptcy, weighed down by FAT Brands’ debt |
| June 2026 | Twin Peaks separates from FAT Brands and becomes Summit Twin Hospitality I, LLC |
| Today | Managed by Summit Acquisitions, a group of franchise operators, which is working on a full purchase |
Who is behind Summit Acquisitions?
Summit Acquisitions is made up of experienced Twin Peaks franchise operators, including 3BMgmnt, JEB Food Group and Operadora 2 Montes. Because they already run lodges, the group knows the brand from the inside. It took over day to day management while acting on behalf of the bondholders who were owed money in the bankruptcy.
What this means for customers
Very little changed at the table. The menu, the 29 degree beer and the happy hour deals continue, though prices and specials vary from lodge to lodge because some are company owned and others franchised. See typical prices on the Twin Peaks menu.
Related Questions
Who owns Twin Peaks now?
Twin Peaks is privately held as Summit Twin Hospitality I, LLC, managed by Summit Acquisitions, a group of its franchise operators.
Is Twin Peaks still owned by FAT Brands?
No. It separated from FAT Brands in June 2026.
Did Twin Peaks go bankrupt?
Twin Peaks’ parent companies filed for Chapter 11 in January 2026, but the restaurants stayed open, and the brand emerged as a separate private company.
Where was the first Twin Peaks?
Lewisville, Texas, in 2005.
How much did FAT Brands pay for Twin Peaks?
About $300 million in 2021.
Why is Twin Peaks beer served at 29 degrees?
It is the chain’s signature: draft beer served just below freezing so it arrives ice cold.
More on Twin Peaks
About this guide. USA Food Menu is an independent reference site and is not affiliated with Twin Peaks. Ownership details come from company announcements and court reporting and may change as the sale is completed. See current prices on the Twin Peaks menu.
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