On January 30, 2026, Parry’s Pizzeria and Bar, LLC (“Parry’s” or the “Company”), a portfolio company of Cannon Capital (“Cannon”), completed a debt refinancing with Western Alliance Bancorporation (“WAB”).
Kroll’s Restaurant & Retail Investment Banking team served as the exclusive financial advisor to Parry’s and its shareholders in connection with the transaction.
About Parry’s Pizzeria and Bar, LLC
Parry’s began in 2007 in Parker, Colorado, with a simple goal: to serve craveably crafted New York-style pizza that feels like home. What started as a small neighborhood spot quickly became a local favorite, known for hand-tossed pies, wings, and calzones served with genuine hospitality and great value. As demand grew, so did they—expanding across multiple locations and evolving into a thriving restaurant group focused on quality, consistency, and standout guest experiences. Along the way, they introduced a rotating lineup of craft beer and created welcoming, energetic spaces that reflect their New York roots. Today, Parry’s has grown beyond Colorado, with locations in four states and a continued commitment to the values that got them here.
About Cannon Capital
Cannon Capital is a private-equity firm focused on helping adolescent companies develop into elite organizations.
They leverage their unique entrepreneurial, operational and financial backgrounds to help companies reach their full potential.
Their investment strategy breaks the barrier between lower-middle-market private equity / special situations and late-stage venture.
They have a preference for companies in out-of-favor niches and/or challenging situations.
About Western Alliance Bancorporation
Western Alliance Bancorporation (NYSE: WAL) is one of the country’s top-performing banking companies. Its primary subsidiary, Western Alliance Bank, Member FDIC, is a leading national bank for business that puts customers first, delivering tailored business banking solutions and consumer products backed by outstanding, personalized service and specific expertise in more than 30 industries and sectors.