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Since 2017, Fat Brands has gone from making small deals on the margins to engineering nine-figure acquisitions. It is now 10 times the size it was when the shopping spree began.
The deal for the casual dining chain is the second big acquisition agreement the owner of Fatburger and Johnny Rockets has made this year.
Even after making his biggest acquisition yet, the Fat Brands CEO says he has others coming. “This is not the end.”
Fat Brands’ latest acquisition will give it five more concepts, including Round Table Pizzza, Great American Cookies, Hot Dog on a Stick, Marble Slab Creamery and Pretzelmaker.
The owner of Fatburger and Johnny Rockets also named Allen Sussman general counsel and Rob Rosen EVP capital markets.
The deal will enable the restaurant chain collector to raise more capital and make more acquisitions.
Third-quarter results were mixed for smaller-cap public restaurant companies.
This week’s episode of the RB podcast “A Deeper Dive” features the CEO of Fat Brands, explaining his planned purchase of Johnny Rockets.
The deal will add 325 locations to the fold of Fat Brands.
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