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Southeastern fried chicken staple Bojangles’ is considering a sale, according to a Reuters report. Sources familiar with the matter told Reuters the restaurant chain was exploring strategic alternatives that included a potential sale as the industry turns more to consolidation.

According to the report, Bojangles’ is working with Bank of America as it seeks potential buyers, but a sale is not a foregone conclusion. Private equity firm Advent International Corp owns just over half of the 766-unit chain with 441 franchised locations. News of the possible sale propelled the brand’s shares to a 10 percent increase on Friday, Reuters noted.

Read the full report here.

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Madeline Lena

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Madeline Lena

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Maddie has spent her career in the media industry, serving in various editorial roles before migrating into a hybrid content strategy and PR role with No Limit Agency. Her passion for storytelling and love of writing help her create meaningful content on behalf of her clients and fulfill No Limit Agency’s mission to tell people-driven stories. 

Maddie is a graduate of Saint Louis University, where she studied Communications with a focus in journalism and media studies as well as Sports Business. In her spare time, Maddie can be found exploring Chicago’s food scene, watching an NBA game or lamenting over her middling fantasy baseball team.

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