Brinker to buy 11 Chili's restaurants
May 21, 2013
by Meat&Poultry Staff
DALLAS – Brinker International Inc. has agreed to buy 11 existing Chili's restaurants in Alberta, Canada from Speedy Creek Ltd., a Canadian franchise partner.
Brinker expects the restaurants to generate approximately $35 million in annual sales. The deal is set to close in June. Speedy Creek became Chili's first international franchisee in 1991.
"For more than 20 years, Chili's has been delivering signature favorites to Canadian guests and with this new agreement will continue to do so, while Brinker accelerates the expansion of the brand in the region," said Guy Constant, CFO and president of global business development for Brinker International.
Edmonton, Alberta-based Speedy Creek will continue to be involved with Chili's by expanding the brand's development in Canada. Gerry Inglis, a restaurant industry veteran, will continue to oversee operations of the 11 acquired restaurants as president of Brinker's Canadian subsidiary.
"The strength of the team and market presence established by Gerry will prove invaluable as we strategically develop Chili's in a country eager for iconic brands from their neighbor to the south," Constant said.