The acquisition adds another prominent brand to franchise operator Flynn Restaurant Group’s 1,200-unit portfolio.
Arby’s becomes the fourth prominent restaurant brand represented under the Flynn Restaurant Group umbrella, joining Applebee’s, Panera Bread and Taco Bell. According to the announcement, the deal will add $400 million in sales to the franchise operator’s current $1.9 billion generated from the brands in its portfolio. Flynn Restaurant Group now operates a combined total of 1,245 restaurants, employing approximately 50,000 people in 33 states.
“Standing in a category of its own, the Arby’s brand aligns perfectly with our preference for brands that are truly differentiated and ‘best in breed’ in their segments,” Flynn Restaurant Group founder, chairman and CEO Greg Flynn said in a statement. “Benefiting from very strong leadership, the Arby’s brand has achieved great momentum these past few years and we are truly excited about the opportunities that lie ahead.”
Read the full release here.