Meritage Hospitality Group Acquires 25 Wendy's Restaurants in North Carolina and Virginia
May 10, 2023
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.
- Buyers
- Meritage Hospitality Group Inc.
- Targets
- 25 Wendy's franchised restaurants (North Carolina & Virginia)
- Industry
- Restaurants & Hospitality
- Location
- United States
- Transaction Type
- Buyout
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