SPB Hospitality Adds Krystal Restaurants to Portfolio
April 27, 2023
SPB Hospitality has completed a merger with Krystal Restaurants, adding nearly 300 quick-service locations and roughly 3,500 employees to SPB's portfolio. The move expands SPB's multi-brand restaurant platform (which is owned by funds managed by affiliates of Fortress Investment Group) and aims to leverage shared services and best practices across brands.
- Buyers
- SPB Hospitality
- Targets
- Krystal Restaurants LLC
- Platforms
- SPB Hospitality
- Industry
- Restaurants & Hospitality
- Location
- Georgia, United States
- Transaction Type
- Addon
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