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

HomeTeam Inspection Service

Photo of HomeTeam Inspection Service representative giving presentation

Strategic Partnerships Fuel Franchise Growth at HomeTeam Inspection Service

hometeam-inspection-service-franchise-growth-partnerships

Express Employment Professionals

What’s in the 2025 FDD? A Closer Look for Express Employment Professionals Franchise Buyers

whats-in-the-2025-fdd-a-closer-look-for-express-employment-professionals-franchise-buyers

petbar

How-petbar-Makes-Pets-and-Their-Owners-Happy-as-Part-of-the-Family-in-a-Clean-and-Fun-Environment

How petbar Makes Pets and Their Owners Happy as Part of the Family in a Clean and Fun Environment

petbar-franchise-opportunity-boutique-pet-grooming

petbar Franchisees Win the $6.89B Global Market With Complete Transparency, Self-Service and Membership Models, Creating the Happiest Place for Dogs

petbar-franchise-opportunity

Why petbar Wants to Be the “Disney World for Dogs” — and a Dream Business for Franchisees

petbar-franchise-dan-ashley-o-loughlin-qa

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 Development Website Builder

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

Chick-fil-A Tops Customer Satisfaction Rankings for 11th Year as Challenger Brands Gain Ground

chick-fil-a-tops-customer-satisfaction-rankings-for-11th-year-as-challenger-brands-gain-ground

Technomic Releases Annual Ranking of the Top 15 Fast-Food Chains in the U.S.

technomic-releases-annual-ranking-of-the-top-15-fast-food-chains-in-the-us

Rising Jobless Claims Could Signal Challenges — and Opportunities — for Franchising

rising-jobless-claims-affect-franchising

Hardee’s Lawsuit Highlights the Risk of Going Off-Model in Franchising

hardees-franchise-lawsuit-paradigm-investment-group

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores - Agg - 1851 Franchise

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores

hooters-franchise-model-company-owned-closures

The Ultimate Guide to Selling Franchises: How To Create a Strong Incentive

how-to-build-strong-incentives-to-attract-prospective-franchisees

How Vishal Juneja Turned a Family Tradition Into a Paris Baguette Franchise

How Vishal Juneja Turned a Family Tradition Into a Paris Baguette Franchise Built on Heart and Community

FAST Acquisition Corporation Looks to Acquire QSR Brand

MORE STORIES LIKE THIS