Carrols acquires 43 BK restaurants

Share This:
Search for similar articles by keyword: [Burger King]

SYRACUSE, NY – Carrols Restaurant Groups Inc., the largest franchisee of Burger King restaurants, recently acquired 43 Burger King units from GPS Hospitality. The restaurants are in Cincinnati.

Carrols expects the transaction to close in January 2017, subject to customary closing conditions. The company did not disclose the transaction amount.

“We continue to effectively execute our acquisition growth strategy, and in 2016 have completed the acquisition and integration of 56 Burger King restaurants,” Carrols CEO Daniel T. Accordino said in a statement. “We are pleased to be concluding another productive year of growth with a definitive agreement to purchase these additional 43 Burger King restaurants. This transaction gives us a good start for 2017 and provides us with a strong foothold in the greater Cincinnati market.

“Looking ahead, we remain confident in our ability to enhance long-term shareholder value through our ongoing acquisition strategy,” he added.

In November, Carrols acquired 17 Burger King units in the Pittsburgh and Johnstown markets in Pennsylvania, and another four restaurants in Detroit in July. As of Dec. 21, the company owned 762 Burger King restaurants.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Meat and Poultry News do not reflect those of Meat and Poultry News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.