Flynn Restaurant Group LP Acquires 368 Arby’s Restaurant Locations In The U.S. From United States Beef Corporation (US Beef)
Significant Acquisition Cements Flynn Restaurant Group’s Position as Largest Franchise Operator and Top 20 Foodservice Company in America Generating $2.3 Billion in Sales
December 05, 2018 // Franchising.com // SAN FRANCISCO, CA - 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.”
US Beef Chairman, Jeff Davis, felt positive about passing the baton of his 50-year-old company to Flynn Restaurant Group, saying “When we decided to sell US Beef, it was critical for us to find a true restaurateur with a similar family culture who has a penchant for growth and offered opportunities for our people. Greg Flynn and his company have a stellar reputation for diversified expansion and they ideally fit our criteria for the brand’s growth.”
About Flynn Restaurant Group LLC
Founded by Chairman and CEO Greg Flynn in 1999, Flynn Restaurant Group LP is the largest franchise operator, and one of the top 20 largest foodservice companies of any kind, in the United States. Flynn Restaurant Group owns and operates 460 Applebee’s Neighborhood Grill & Bar restaurants, 368 Arby’s restaurants, 280 Taco Bell and related Yum! Brand restaurants, and 135 Panera Bread bakery-cafes across 33 states, generating $2.3 billion in sales and employing approximately 50,000 people. More information is available at www.flynnrg.com.
Arby’s, founded in 1964, is the first nationally franchised sandwich restaurant brand, with more than 3,300 restaurants worldwide. The Arby’s brand purpose is “Inspiring Smiles Through Delicious Experiences®.” Arby’s restaurants feature Fast Crafted® service, a unique blend of quick-serve speed and value combined with the quality and made-for-you care of fast casual. Arby’s Restaurant Group, Inc. is the parent company of the franchisor of the Arby’s brand and is headquartered in Atlanta, Ga. Visit Arbys.com for more information.
SOURCE Flynn Restaurant Group LLC
Comments:comments powered by Disqus
- Expansions & Growth
- Financial & Earnings Claims
- Mergers & Acquisitions
- Personnel Changes
- General Announcements
- Conferences & Events
- Product Announcements
- Media Coverage
- Strategic Alliances