Flynn Restaurant Group LP Acquires Over 300 Arby's Locations
According to RestaurantNews.com, RB American Group LLC, a wholly-owned subsidiary of Flynn Restaurant Group LP, today announced that it has acquired 368 Arby’s® restaurants throughout the U.S. from United States Beef Corporation (US Beef). Arby’s, the second largest sandwich restaurant brand in the world, is a perfect fit for Flynn Restaurant Group, whose portfolio includes household names like Applebee’s®, Panera Bread® and Taco Bell®. RB American Group will be Flynn Restaurant Group’s fourth prominent restaurant brand.
With this acquisition, Flynn Restaurant Group will own and operate a combined total of 1,245 quick-service, fast casual and casual dining restaurants, generating $2.3 billion in sales and employing approximately 50,000 people in 33 states. Flynn Restaurant Group’s subsidiaries include Apple American Group LLC, the largest Applebee’s franchisee; Pan American Group LLC, the second largest Panera Bread franchisee; and Bell American Group, the third largest Taco Bell franchisee. This significant deal will add $400 million in sales to Flynn’s current $1.9 billion, and just as Flynn was the first franchise operator to exceed $1 billion in sales in 2012, it is now the first to exceed $2 billion in sales. This acquisition also establishes FRG as one of the top 20 foodservice companies of any kind in the country.
“We are extremely pleased to announce the addition of these Arby’s locations to our portfolio of restaurants,” said Greg Flynn, Founder, Chairman and Chief Executive Officer of Flynn Restaurant Group. “The Davis family and their team of great operators built a fantastic business over 50 years and we’re privileged to be the ones to shepherd the US Beef restaurants into their next phase. In addition, standing in a category of its own, the Arby’s brand aligns perfectly with our preference for brands that are truly differentiated and ‘best in breed’ in their segments. Benefiting from very strong leadership, the Arby’s brand has achieved great momentum these past few years and we are truly excited about the opportunities that lie ahead.”