Multi-Brand Operator Adding More Than 1,000 Restaurants
Flynn Restaurant Group will nearly double in size thanks to a new acquisition of 937 Pizza Huts and 194 Wendy’s locations from NPC International, the Kansas City-based operator which declared bankruptcy last summer.
Under the new deal, Flynn Restaurant Group will now own and operate 2,355 quick-service, fast casual, and casual dining restaurants, generating $3.5 billion in sales and employing 73,000 people in 44 states. The mega operator’s subsidiaries include the largest Applebee’s franchisee, the largest Arby’s franchisee, the second largest Panera Bread franchisee, and the third largest Taco Bell franchisee. The company will now become the largest Pizza Hut franchisee and the fifth largest Wendy’s franchisee.
“We are excited to announce the addition of Pizza Hut and Wendy’s to our portfolio,” said Greg Flynn, founder, chairman and CEO of Flynn Restaurant Group said in a statement. “They bring with them a wonderful team of dedicated operators and support personnel, who we welcome whole-heartedly into the Flynn family. Further, both Pizza Hut and Wendy’s are deeply established as leading concepts in their sectors, and our entry into their systems furthers our goal to operate at scale in top-tier brands.”
The transaction was supported by long-term partners Main Post Partners and Ontario Teachers’ Pension Plan Board.
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