ARC Group, Inc. is the franchisor for Dick’s Wings & Grill.
ARC Group, Inc., which owns the Dick’s Wings & Grill chain, will acquire Fat Patty’s in a $12.3 million deal, according to a report in Foodservice Equipment & Supplies magazine.
Fat Patty’s is a casual dining chain with locations in West Virginia and Kentucky.
This is ARC’s second acquisition this year. In June the company announced plans to acquire the Tilted Kilt Pub and Eatery.
“As a result of this acquisition, we anticipate ARC Group’s combined annualized revenue run rate will be in excess of $15 million, and with our planned Tilted Kilt acquisition, we project ARC Group’s combined annualized revenue run rate will approach nearly $30 million,” ARC Group president and chief financial officer Seenu G. Kasturi said. “Overall, we have built a highly scalable and profitable organization, with aggressive growth plans – both organic and through accretive acquisitions.”
Read the full report.