Aramark Refreshments’ Post

📈 Burger King Acquires Carrols Corporation! 🍔👑 Under its parent company Restaurant Brands International, Burger King announced the acquisition of Carrols Restaurant Group, Inc. (NASDAQ: TAST). 🔍 Key Highlights of the Deal: Transaction Price: A striking $9.55 per share, translating to a total enterprise value of approximately $1 billion. This represents a 6.6x EV/2024E EBITDA multiple. Funding: The acquisition is strategically financed with about $200 million in cash and $750 million in debt. Closing Timeframe: Anticipated to finalize in Q2 of 2024, subject to customary closing conditions and regulatory approvals. 🚀 What This Means for Burger King: Modernization Push: Burger King aims to fully modernize Carrols' systems by 2028. This accelerated transformation is part of their 'Reclaim the Flame' initiative. Increased Presence: Carrols operates 1,022 Burger King restaurants and 60 Popeyes restaurants across 23 states – a substantial addition to Burger King's portfolio. Financial Performance: Carrols anticipates strong year-end 2023 results, with Adjusted EBITDA at the higher end of the $145-$149 million range. The deal is structured to be neutral to Adjusted Diluted Earnings per Share. 🌐 Broader Industry Impact: Market Dynamics: This acquisition signifies a strategic move in the fast-food sector, potentially influencing market trends and competitor strategies. #Finance #MergersAndAcquisitions #BurgerKing #CarrolsRestaurantGroup #FastFoodIndustry #MarketAnalysis

During the first half of 2024, restaurant M&A activity remained at similar levels as the same period in 2023. This first half of the year there were numerous transactions in the fast-casual segment (including Tijuana Flats, Tropical Café, Veggie Grill, Clean Juice, and others) as well as franchisees changing hands (notably the acquisition of Carrols by RBI but also groups of between 20-70 units for QSR chains such as Wendy’s, KFC, Zaxby’s, and McDonalds). We expect consolidation to continue, and there is still a lot of opportunity to corner the market in certain segments, cuisines, and geographies and to innovate new ways of meeting customer demand.    If you are evaluating a foodservice acquisition target, we recommend you don’t skip due diligence. Without exception, the process reveals new perspective and insight across functional areas (from the efficacy of marketing and brand strength to how the P&L may change under different scenarios) that will contribute to improved business strength and performance during the holding period. #restaurants #investing #acquisitions

#BurgerKing parent #RestaurantBrandsInternational (TSX:QSR, NYSE:QSR) has inked a deal to buy the #CarrolsRestaurant Group, the largest Burger King franchisee in the US, for $1 billion.  Carrols operates 1,022 locations across 23 states, along with 60 #Popeyes locations in 6 states.  The deal values Carrols at $9.55 per share. Shares of the company 13% to $9.52 Tuesday morning, while Restaurant Brands stock fell 3% to $76.06.  The move is part of a strategy to grow sales and improve franchisee profits, according to reports. Specifically, Burger King expects to invest $500 million to remodel 600 of the newly acquired locations.  In addition to Burger King and Popeyes, Restaurant Brands also owns #TimHortons (TSX:THI) and #FirehouseSubs.  More at #Proactive #ProactiveInvestors #TSX #NYSE #QSR http://ow.ly/hAPy10595N3

Custom Made Meals acquires manufacturing assets to expand its footprint! Custom Made Meals (CMM), a supplier of fresh entrees and appetizers for grocery stores and food service distributors, has announced the acquisition of the ready-to-cook and ready-to-heat meal manufacturing assets of Hearthside Food Solutions in Jacksonville, Florida. This strategic acquisition will allow CMM to: Expand their distribution footprint: This acquisition will give CMM access to Hearthside Jacksonville's well-established infrastructure, which will help them reach a wider customer base. Offer a wider variety of food solutions: By acquiring Hearthside Jacksonville's manufacturing assets, CMM will be able to offer a broader portfolio of products to their customers. Improve efficiency: Hearthside Jacksonville is a well-regarded facility and is expected to improve CMM's overall efficiency. Overall, this acquisition is a positive step for Custom Made Meals and will allow them to better serve their customers. #CustomMadeMeals #Acquisition #FoodManufacturing #Expansion

🚨 Big Moves in the Convenience Store Industry 🚨 Imagine a world where the two largest convenience store giants—7-Eleven and Circle K—join forces. That’s exactly what’s on the table as Alimentation Couche-Tard (Circle K’s parent company) makes a move to acquire Seven & i Holdings, the owner of 7-Eleven. With over 100,000 stores combined, this potential merger could reshape the convenience store landscape, impacting not just the retail sector but the fast-food industry too. 💡 Key Questions to Consider: How would this merger affect competition in the convenience store market? What impact could this have on the fast-food industry, where both 7-Eleven and Circle K are key players? How might this deal benefit customers, employees, and shareholders? As we wait for the decision, it's clear that this deal, if it goes through, could set new precedents in the retail world. Are you ready for a convenience store shake-up? https://lnkd.in/dQWCPdaf #RetailTrends #BusinessNews #ConvenienceStores #7Eleven #CircleK #MergersAndAcquisitions #Facteus

More grocers are enticing consumers to DINE IN with cost-efficient meal options, while the industry awaits to hear about a potential merger that could have a MAJOR IMPACT ON DELIVERY. All that and more in this week’s The Friday 5 👉🏽 https://lnkd.in/e8n_FTwA #foodretail #grocery #retailnews

Seale & Associates, Inc. is pleased to share our latest report on the restaurant franchise sector. In this report, we explore the most prominent trends and the latest operations defining and transforming the industry. The global restaurant franchise market continues to grow, with projected sales reaching US$1.1 trillion by 2024. Restaurants are adopting technologies such as digital ordering, loyalty programs, and AI-driven menu recommendations to improve efficiency and customer experience. Consumers are prioritizing experiences over goods, favoring quick-service and casual dining restaurants. After a slow period in 2022 and 2023, merger and acquisition activity is recovering. The industry remains highly competitive, with major players like McDonald's, KFC, and Subway continuously innovating.   This report offers essential insights into current trends for business leaders, M&A-focused professionals, and all those interested in these trends. It highlights the rise of global transactions and the valuation of leading companies in the sector, such as Alsea, CMR SAB de CV, Restaurant Brands International, and Yum! Brands. The variation in the size of the M&A market, showing a significant increase in transaction value over the years, underscores the importance of adapting to market changes.   To receive this quarterly report and/or our monthly and sectoral reports, subscribe at https://lnkd.in/gmxEs6E4.   #RestaurantIndustry #RestaurantFranchises #Market #MnA #Investment #IndustryTrends #BusinessStrategy #MergersAndAcquisitions #QuarterlyReport #Mergers #Acquisitions

In light of the Kroger-Alberstons merger and strong consolidation of ownership in a market like Chicago, there is room for an up-and-coming grocer that can differentiate itself. Longtime Chicagoans might remember a similar story. Mariano's expanded rapidly off the back of Safeway's 2013 acquisition of the Dominick's banner. Safeway led to the closure of stores when there was overlap with the Jewel-Osco banner, creating the opening for Mariano's, which was later acquired by Kroger. This Foxtrot-Dom's Kitchen merger will enable the combined entity to better compete against the grocery giant Kroger. These two are beloved banners that are redefining the neighborhood grocery experience. Furthermore, they were built with e-commerce in mind, positioning them to win over the next-gen shopper. #grocery #retail #ecommerce #foxtrot #doms

We are thrilled to announce today's successful restaurant buyout at Adega Gaucha Here's to many more successful buyouts in the future! For events and buyout information, please contact Claudia Serino at [email protected]. #BusinessAcquisition #CompanyGrowth #StrategicExpansion #RestaurantBuyout #InvestmentOpportunity #BusinessDevelopment #CorporateGrowth #SuccessfulDeals #FutureInvestments #BusinessSuccess

Craft brewers may face turbulent times ahead as Kroger and Albertsons announce their plans for a merger. This move could spell trouble for small-scale breweries by potentially limiting their market reach and stifling competition. Read more about the potential implications of this merger: https://lnkd.in/gyuzurDV #craftbrewing #coloradobusiness #COBrewCraftLaw #CraftBeer #BrewingIndustry #MergerImpact