JRI Hospitality is doubling down on Freddy’s.
The Salina, Kansas-based franchisee, already the largest operator in the Freddy’s Frozen Custard and Steakburgers system, said on Monday that it has acquired 43 restaurants from HCI Hospitality. Terms were not disclosed.
JRI already operated 88 locations. This deal will give the franchisee more than 130 restaurants in 18 states.
Jason Ingermanson, founder and CEO of JRI, called the acquisition “a unique opportunity to bring two great teams together.”
“Their reputation, consistent performance and commitment to integrity and quality align closely with our own values,” Ingermanson said in a statement.
The acquisition will include HCI’s other holdings, including JC’s BBQ and Grill in Junction City, Kansas and Powercat Sports Grill in Manhattan, Kansas. Booth Creek Wagyu, another brand in the HCI portfolio, will remain with HCI founder Dave Dreiling.
Cam Blakely, CEO of HCI, will join JRI’s team as the Freddy’s president of operations.
Overall, JRI Hospitality will now operate more than 145 restaurants, including the breakfast-and-lunch concept Mokas Coffee & Eatery.
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