KBP Brands Acquires 85 SONIC Restaurants

KBP Brands has acquired 85 SONIC restaurants across six states (Delaware, Georgia, Kentucky, North Carolina, South Carolina and Virginia), expanding its portfolio to more than 1,000 restaurants and increasing annual revenue to over $1.5 billion. The transaction broadens KBP's footprint in the southeastern United States and deepens its relationship with SONIC's owner, Inspire Brands; Mark Everett will lead operations for the new SONIC locations.