acquisitions

Burger King is buying its largest franchisee for $1B

By Jonathan Maze on Jan. 16, 2024

Parent Restaurant Brands International plans to spend $500 million to remodel Carrols Restaurant Group's more than 1,000 locations before reselling them to smaller franchisees.

Emerging Brands

7-Eleven broadens its restaurant footprint with a $1B acquisition

By Peter Romeo on Jan. 12, 2024

The c-store chain is buying the Laredo Taco Co. fast-food units it doesn't currently own, along with the Stripes c-stores that house them.

Financing

Vegan chain Next Level Burger buys Veggie Grill

By Heather Lalley on Jan. 11, 2024

The move comes less than six months after Veggie Grill closed 12 restaurants amid declining sales. The deal creates a 27-unit plant-based restaurant company.

Technology

Chowly acquires the digital marketing platform Targetable

By Jonathan Maze on Jan. 04, 2024

It’s the second acquisition in a year for the order integration provider and will enable the company to provide a wider suite of options for restaurants.

Financing

Parent of distributors Stanz and Troyer lays the groundwork for more acquisitions

By Peter Romeo on Jan. 03, 2024

The company is recasting itself as a holding company for Midwestern haulers, a move that should also facilitate the adoption of new technology.

Operations

Imperial Dade buys a distributor serving the Northwest

By Peter Romeo on Jan. 03, 2024

Insight Distributing is the 77th company to be acquired by Imperial Dade since management was assumed by the Tillis family.

Financing

TGI Friday's closes 36 stores, sells more to Ray Blanchette

By Peter Romeo on Jan. 03, 2024

Blanchette, a former CEO of the chain, will operate the stores as a franchisee. The price he paid was not disclosed.

Premium

Financing

Restaurant stocks finished 2023 on a high note

By Jonathan Maze on Jan. 02, 2024

The Bottom Line: Industry stocks performed roughly in line with the broader markets last year, with much of the gains coming in the last three months.

Financing