Flynn Restaurant Group LP Acquires 368 Arby’s Restaurant Areas within the U.S. from United States Beef Company (US Beef)
Posted on December 5, 2018.
Vital Acquisition Cements Flynn Restaurant Group’s Place as Largest Franchise Operator and Prime 20 Foodservice Firm in America Producing $2.three Billion in Gross sales
RB American Group LLC, a wholly-owned subsidiary of Flynn Restaurant Group LP, in the present day introduced that it has acquired 368 Arby’s eating places all through the U.S. from United States Beef Company (US Beef). Arby’s, the second largest sandwich restaurant model on the earth, is an ideal match for Flynn Restaurant Group, whose portfolio contains family names like Applebee’s, Panera Bread and Taco Bell. RB American Group shall be Flynn Restaurant Group’s fourth distinguished restaurant model.
With this acquisition, Flynn Restaurant Group will personal and function a mixed complete of 1,245 quick-service, quick informal and informal eating eating places, producing $2.three billion in gross sales and using roughly 50,000 individuals in 33 states. Flynn Restaurant Group’s subsidiaries embody Apple American Group LLC, the most important Applebee’s franchisee; Pan American Group LLC, the second largest Panera Bread franchisee; and Bell American Group, the third largest Taco Bell franchisee. This important deal will add $400 million in gross sales to Flynn’s present $1.9 billion, and simply as Flynn was the primary franchise operator to exceed $1 billion in gross sales in 2012, it’s now the primary to exceed $2 billion in gross sales. This acquisition additionally establishes FRG as one of many high 20 foodservice firms of any variety within the nation.
“We’re extraordinarily happy to announce the addition of those Arby’s areas to our portfolio of eating places,” stated Greg Flynn, Founder, Chairman and Chief Govt Officer of Flynn Restaurant Group. “The Davis household and their staff of nice operators constructed a unbelievable enterprise over 50 years and we’re privileged to be those to shepherd the US Beef eating places into their subsequent part. As well as, standing in a class of its personal, the Arby’s model aligns completely with our desire for manufacturers which might be actually differentiated and ‘greatest in breed’ of their segments. Benefiting from very sturdy management, the Arby’s model has achieved nice momentum these previous few years and we’re actually excited concerning the alternatives that lie forward.”