Twin Peaks, FAT Brands Break Ties

Twin Peaks is set to return to its previous status as a privately held company operating as Summit Twin Hospitality I. It will no longer be associated with FAT Brands.

Summit Acquisitions LLC will oversee the brand’s operations and growth strategy as it works toward completing a full acquisition of Twin Peaks, notes the press release. Summit Acquisitions LLC is composed of franchise operators that built and scaled Twin Peaks lodges across the U.S. and internationally, including 3BMgmnt Inc., JEB Food Group and Operadora 2 Montes.

Twin Peaks says the move positions it for financial stability and long-term private growth. Today, the brand maintains more than 115 locations in the U.S. and Mexico.

Twin Peaks lodges nationwide will continue operating as normal, with no staffing reductions planned and the brand’s corporate leadership team remaining in place.

Editor’s note: This story was updated Tuesday, June 16.