Pei Wei Asian Diner, LLC
Irving, Texas restaurant company operating the Pei Wei Asian Kitchen fast-casual chain, owned by Lorne Goldberg's PWD Acquisition since 2019.
Company Type
private
Founded
2000
Headquarters
Irving, Texas, USA
Revenue
Approximately $200 million (estimated system sales, 2026)
Employees
Approximately 1,200 (corporate and field leadership)
Primary Market
United States
Pei Wei Asian Diner, LLC Timeline
About Pei Wei Asian Diner, LLC
Who owns Pei Wei Asian Kitchen?
Pei Wei is owned by PWD Acquisition LLC, controlled by restaurateur Lorne Goldberg through West Coast Capital. Chef Jet Tila holds a minority stake as culinary partner.
Is Pei Wei a public company?
No. It is a private LLC and publishes no public financials.
How is Pei Wei related to P.F. Chang's?
P.F. Chang's created Pei Wei in 2000, but the companies separated in 2017 and now have entirely different owners.
Where is Pei Wei headquartered?
Irving, Texas, in the Dallas-Fort Worth metroplex, since relocating from Scottsdale, Arizona, in 2017.
How many Pei Wei restaurants are there?
Approximately 150 restaurants plus licensed airport and campus units as of late 2026.
What other restaurant brands does Pei Wei's owner control?
West Coast Capital also operates Pick Up Stix, Leeann Chin, and Mandarin Express.
History of Pei Wei Asian Diner, LLC
P.F. Chang's China Bistro created the company in 2000 in Scottsdale, Arizona, as Pei Wei Asian Diner, a lower-priced, counter-service extension of the bistro brand. The name referenced the family of P.F. Chang's co-founder Philip Chiang.
The chain grew rapidly to more than 200 units in the 2000s and early 2010s, including international franchises. When Centerbridge Partners bought P.F. Chang's in 2012, Pei Wei moved with it.
In 2017 Pei Wei split from P.F. Chang's as an independent company, relocated its headquarters to Irving, Texas, and rebranded to Pei Wei Asian Kitchen with new trade dress. Centerbridge sold the business to Goldberg's PWD Acquisition on June 5, 2019, folding it into the largest independent Asian restaurant platform outside Panda Express.
Under Goldberg the company consolidated around profitable markets, shifted toward licensing for nontraditional venues, and relaunched the menu with chef Jet Tila. The 2026 Reviewed Readers' Choice award marked the company's clearest national recognition since the spin-off.
Controversy, Regulation & Public Scrutiny
Pei Wei has avoided major public controversy. Like most restaurant chains it faces routine health code inspections and wage-and-hour matters, with no systemic scandals reported through 2026.
The 2019 ownership transition from private equity to family operator was covered positively as a move to experienced restaurant ownership.
Brands Owned by Pei Wei Asian Diner, LLC
Pei Wei Asian Diner, LLC owns 1 brand in our database. Explore the ownership tree below — click categories to expand and see individual brands.
Pei Wei Asian Diner, LLC
private · Founded 2000 · Irving, Texas, USA
1
brands
Pei Wei Asian Diner, LLC Ownership: Pros & Cons
Advantages
- +Experienced restaurant owner with four complementary Asian brands
- +Shared purchasing and supply chain across West Coast Capital platform
- +Clear number two position in Chinese fast-casual
- +Licensed nontraditional model grows reach without capital
Considerations
- -Private company with no financial transparency
- -Unit count well below pre-2019 peak
- -Competes in the same segment as sibling brand Pick Up Stix
- -Concentrated in Sun Belt, limiting national presence
Frequently Asked Questions About Pei Wei Asian Diner, LLC
Who owns Pei Wei Asian Kitchen?
Pei Wei is owned by PWD Acquisition LLC, controlled by restaurateur Lorne Goldberg through West Coast Capital. Chef Jet Tila holds a minority stake as culinary partner.
Is Pei Wei a public company?
No. It is a private LLC and publishes no public financials.
How is Pei Wei related to P.F. Chang's?
P.F. Chang's created Pei Wei in 2000, but the companies separated in 2017 and now have entirely different owners.
Where is Pei Wei headquartered?
Irving, Texas, in the Dallas-Fort Worth metroplex, since relocating from Scottsdale, Arizona, in 2017.
How many Pei Wei restaurants are there?
Approximately 150 restaurants plus licensed airport and campus units as of late 2026.
What other restaurant brands does Pei Wei's owner control?
West Coast Capital also operates Pick Up Stix, Leeann Chin, and Mandarin Express.
Sources & Further Reading
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