Restaurants & Hospitality Acquisitions in Kansas

Investment funds affiliated with Rhône have acquired Freddy's Frozen Custard & Steakburgers from Thompson Street Capital Partners. Freddy's— a fast-casual franchise with more than 550 locations and over $1 billion in system-wide sales—will keep its existing leadership as Rhône supports continued market expansion and guest-experience improvements.

NPC International has closed the sale of substantially all of its assets to Flynn Restaurant Group and Wendy's (together with five current Wendy's franchisees) as part of its Chapter 11 restructuring. The transactions transfer ownership of NPC's Pizza Hut and Wendy's restaurant locations (over 1,300 restaurants) to the buyers while restaurants remain open under new ownership.

Thompson Street Capital Partners (TSCP) has acquired Freddy's Frozen Custard & Steakburgers, the Wichita-based franchisor of fast-casual restaurants. TSCP said it will partner with Freddy's founders and management to accelerate franchise development, expand the brand geographically, and invest in marketing and technology to support growth across the U.S.

Buyers Edge Platform acquired RestaurantLink's group purchasing and beverage consulting divisions, including related customers and contracts, expanding its national GPO footprint and adding more than 2,000 restaurant members. As part of the transaction, RestaurantLink's back-office services (accounting, payroll, HR) were rebranded as Proairus.

Kelly Investment Group of San Diego acquired S.S. of Kansas, Inc., including 16 Sirloin Stockade, Montana Mike's and Coyote Canyon restaurants in Kansas and Oklahoma. The deal, which closed on June 4, 2014, was advised by Aethlon Capital and provides an exit for long-time franchisee CEO Gale Premer.