Flynn Restaurant Group and Wendy's Complete Purchase of NPC International's Pizza Hut and Wendy's Assets

Flynn Group Acquires 32 Wendy's Restaurants in Indianapolis

November 21, 2024

Restaurants & Hospitality

Flynn Group LP, a San Francisco-based multi-brand franchise operator, acquired 32 Wendy's units in the Indianapolis, Indiana area. The deal increases Flynn’s domestic Wendy's footprint and brings roughly 40% of the brand’s local presence under Flynn as the company looks to realize operational efficiencies and drive growth in the market.

Meritage Hospitality Group Acquires 25 Wendy's Restaurants in North Carolina and Virginia

May 10, 2023

Restaurants & Hospitality

Meritage Hospitality Group Inc. acquired 25 Wendy's franchised restaurants located across North Carolina and Virginia, adding approximately $42.0 million in annual sales. The acquisition is part of Meritage's five-year growth plan to expand its Wendy's operating base and will be integrated into the company's operating and remodeling programs.

Delight Restaurant Group Acquires 65 Wendy's Restaurants from Primary Aim, LLC

April 2, 2024

Restaurants & Hospitality

Delight Restaurant Group acquired 65 Wendy's restaurants across Pennsylvania, Ohio and West Virginia from Primary Aim, LLC, increasing its portfolio to 226 restaurants and positioning the company as one of the largest Wendy's franchisees. The transaction expands Delight's footprint and scale as it continues pursuing growth through acquisitions and new-unit development.

BurgerFi Acquires Anthony's Coal Fired Pizza & Wings

October 11, 2021

Restaurants & Hospitality

BurgerFi International Inc. agreed to acquire Anthony's Coal Fired Pizza & Wings from L Catterton for approximately $161.3 million in a stock, preferred equity and debt assumption transaction. The deal expands BurgerFi's multi-brand restaurant platform, adding 61 Anthony's locations and complementary fast-casual and virtual concepts to its portfolio.

Triton Pacific Affiliate (Tasty Restaurant Group) Acquires 117 Pizza Hut Restaurants from Rage, Inc.

December 17, 2019

Restaurants & Hospitality

An affiliate of Los Angeles-based private equity firm Triton Pacific completed the acquisition of 117 Pizza Hut restaurants (114 operating, 3 under development) and select real estate assets for about $80 million. The deal — executed by Triton Pacific’s operating platform Tasty Restaurant Group — expands the firm’s quick-service restaurant portfolio across Illinois, Kentucky, North Carolina, South Carolina, Tennessee, Virginia and West Virginia and was a buy of assets from Rage, Inc.

Restaurant Brands International Acquires Remaining Stakes in Burger King China

February 18, 2025

Restaurants & Hospitality

A subsidiary of Restaurant Brands International (RBI) acquired the equity interests in Burger King China from TFI Asia Holdings BV and Pangaea Two Acquisition Holdings XXIII, Ltd (Cartesian) for approximately $158 million in cash, bringing RBI's ownership to nearly 100%. RBI said it will engage advisors to identify a new local operating partner to inject capital and become the controlling shareholder as part of a strategy to support long-term growth in China.