Fatburger Parent Gobbles Up Johnny Rockets

Courtesy of Johnny Rockets
Courtesy of Johnny Rockets

Fat Brands, the Los Angeles-based parent company of Fatburger, will acquire the Johnny Rockets restaurant chain from an affiliate of private equity firm Sun Capital Partners, Inc. for approximately $25 million, the company announced.

Johnny Rockets currently has over 325 locations across the U.S. and internationally, including 9 company-owned locations. In addition to Fatburger, the company portfolio lists six other brands, including Elevation Burger, Buffalo’s, and Hurricane Grill & Wings.

With the acquisition of Johnny Rockets, the company says it will have more than 700 franchised and company-owned restaurants worldwide with annual system-wide sales exceeding $700 million.

“FAT Brands is delighted to carry the torch from the affiliate of Sun Capital Partners, Inc., a global private equity leader with deep investment and operational experience, and run hard,” said Andy Wiederhorn, president and CEO of FAT Brands. “We see a lot of synergy with Johnny Rockets and our current restaurant concepts and we are eager to take the brand to new heights.”

The purchase is expected to be completed in September 2020.

RELATED CONTENT

Qdoba Butterfly Modern Restaurant Concepts 1200x800 1

Qdoba Joins Modern Market, Lemonade in Merger

The private equity firm Butterfly—the parent company of Modern Restaurant Concepts—is acquiring the Mexican fast-casual chain Qdoba.

BBQ Holdings Famous Daves 1200x800 1

Canada-Based Group Scales US Footprint With Acquisition of BBQ Holdings

The $200 million acquisition grows MTY Food Group’s portfolio to approximately 7,000 locations, including 3,900 in the U.S.

- Advertisement -

- Advertisement -

- Advertisement -

TRENDING NOW

- Advertisement -

- Advertisement -

- Advertisement -