1851

Fast-casual dining concepts take note: your brand could be poised for acquisition.According to a recent article from <a href="https://www.nrn.com/restaurants-ready/new-200m-acquisition-company-eyes-qsr-segment?utm_source=1851franchise.com&utm_medium=article&utm_campaign=fast-acquisition-corporation-looks-to-acquire-qsr-brand-2713762" target="_blank" rel="nofollow">Nation’s Restaurant News</a>, FAST Acquisition Corporation, a newcomer in the special purpose acquisition company (SPAC) space with a $200M target, is looking to acquire a quick-service restaurant brand. &nbsp; Based on industry changes in response to the coronavirus pandemic, CEOs of the acquisition company Doug Jacob and Sandy Beall are specifically seeking a brand that has amended their services and seen success during the crisis — one with drive-thru capabilities, partnership with a third party-delivery service and technology and “a ton of room for growth.”FAST Acquisition’s leadership team is made up of restaurant industry veterans, including chairman Kevin Reddy, who’s worked at McDonald’s, Chipotle and Noodles &amp; Co. and chief strategy officer Kimberly Grant, who served as CEO of <a href="https://thinkfoodgroup.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=fast-acquisition-corporation-looks-to-acquire-qsr-brand-2713762" target="_blank" rel="nofollow">ThinkFoodGroup</a> restaurant and hospitality company as well as Ruby Tuesday. Their expertise paired with the rest of the team lends any brand years of combined experience.&nbsp;“We’re looking for companies where we can apply our expertise in running some sizable public companies that will last 25 years to the more the entrepreneurial spirit of the emerging growth brands,” Beall says.With a knowledge-rich group already assembled and <a href="https://www.nrn.com/finance/blank-check-company-deep-bench-industry-veterans-launches-raise-200-million-restaurant?utm_source=1851franchise.com&utm_medium=article&utm_campaign=fast-acquisition-corporation-looks-to-acquire-qsr-brand-2713762" target="_blank" rel="nofollow">funding raised</a>, the SPAC is looking to invest in a promising brand as soon as possible, even though SPAC rules don’t require an investment to be made within the first two years. “I’m incredibly excited by the time. I’m excited by the assets we’re interested in,” Jacob said. “And I’m excited by our team.”Read the full story at <a href="https://www.nrn.com/restaurants-ready/new-200m-acquisition-company-eyes-qsr-segment?utm_source=1851franchise.com&utm_medium=article&utm_campaign=fast-acquisition-corporation-looks-to-acquire-qsr-brand-2713762" target="_blank" rel="nofollow">nrn.com</a>.

FAST Acquisition Corporation Looks to Acquire QSR Brand

1851 Franchise

With $200M funded, the new special-purpose acquisition company is looking to invest in a quick-service brand that has successfully pivoted during COVID-19.

fast-acquisition-corporation-looks-to-acquire-qsr-brand

Pet Wants

Why Fresh, Healthy Food Matters for Your Pet's Long-Term Health

fresh-pet-food-unleashing-the-power-of-healthy-nutrition-for-your-furry-family

Caring Transitions

Caring Transitions Targets Fresno, California, for Franchise Growth

caring-transitions-targets-fresno-california-for-franchise-growth

Strategic Franchising

Work-Life Balance as a Franchise Owner: Is It Possible?

work-life-balance-as-a-franchise-owner-is-it-possible

The Top 10 Questions To Ask Before Buying a Franchise

top-10-questions-to-ask-before-buying-a-franchise

Caring Transitions Targets Memphis, Tennessee, for Franchise Growth

caring-transitions-targets-memphis-tennessee-for-franchise-growth

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Roof Scientist Launches Franchise Opportunity, Revolutionizing Roof Preservation with Innovative Technology

roof-scientist-launches-franchise-opportunity-revolutionizing-roof-preservation-with-innovative-technology

Restaurant Business: How McDonald's Is Restructuring To Compete With Specialized Chains

restaurant-business-how-mcdonalds-is-restructuring-to-compete-with-specialized-chains

Design with hundred dollar bill and orange "recession" banner across the middle

ABC News: Recession Risks Are Rising, Economists Say. Here’s What to Know.

recession-risks-impact-economy-franchise-world

NRA: Restaurants Focus On Enhancing In-Store Experiences To Attract Diners in 2025

nra-restaurants-focus-on-enhancing-in-store-experiences-to-attract-diners-in-2025

The Joint Chiropractic - Dr. Anthony Tran - IFA Franchisee of the Year - 1851 Franchise

The Joint Chiropractic’s Dr. Anthony Tran Named Franchisee of the Year by the IFA

joint-chiropractic-dr-anthony-tran-ifa

Paris Baguette Ranks Among Top Franchises on Entrepreneur’s Franchise 500® for 2025 - 1851 Franchise

Paris Baguette Ranks Among Top Franchises on Entrepreneur’s Franchise 500® for 2025

paris-baguette-ranks-among-top-franchises-on-entrepreneurs-franchise-500-for-2025

DOJ FTC Antitrust Guidelines - Franchise News - 1851 Franchise

DOJ and FTC Issue New Antitrust Guidelines with Implications for Franchising

doj-and-ftc-issue-new-antitrust-guidelines-with-implications-for-franchising

Photo of a basket of chicken wings with dipping sauce and celery

RestaurantNews: Franchisees File Comprehensive Legal Complaint Against Hurricane AMT

restaurantnews-franchisees-file-comprehensive-legal-complaint-against-hurricane-amt

TruGolf - Hybrid Golf Franchise - Nexus Golf - 1851 Franchise

TruGolf Links Unveils Revolutionary Hybrid Golf Franchise Concept

trugolf-links-unveils-revolutionary-hybrid-golf-franchise-concept

Florida Franchisee Reflects on Success and Growth with Sylvan Learning

florida-franchisee-reflects-on-success-and-growth-with-sylvan-learning

Domonique Downing - Big Frog Franchise - Fayetteville, GA - 1851 Franchise

Coca-Cola Scientist Finds Path to Autonomy with Big Frog Franchise in Fayetteville, Georgia

big-frog-franchise-fayetteville-georgia

Top 25 Emerging Restaurant Franchises - 1851 Franchise

Top 25 Emerging Restaurant Concepts to Consider in 2025

top-emerging-restaurant-concepts-to-consider

Franchisee spotlight image with Randy and Sandy Craft, Children's Lighthouse logo on blue background

The Crafts’ Successful Journey from New Parents to Children’s Lighthouse Franchisees

the-crafts-successful-journey-from-new-parents-to-childrens-lighthouse-franchisees

The Top Quick Service Restaurant Franchises for 2025

the-top-quick-service-restaurant-franchises

FAST Acquisition Corporation Looks to Acquire QSR Brand

MORE STORIES LIKE THIS