Overland Park, Kan-based KBP Foods, LLC, is making news again. The group has just inked a deal that adds 24 more units to its portfolio, bringing its total quick serve restaurant count to 247 units across 10 states.
The new deal includes 24 restaurants in Kansas, Missouri, and Florida that were acquired from D-Carr Investments and related entities. The acquired units include all three restaurants under YUM! Brands, as well as Long John Silver's franchises. The move means KBP Foods now operates franchise locations in Florida, Georgia, Illinois, Iowa, Kansas, Missouri, Nebraska, North Carolina, Texas, and Virginia.
"KBP's success by growth-through-acquisition strategy has been incredibly successful, and this acquisition is right in line with our business model," said Barry Dubin, KBP Foods chief development officer. "With our recent recapitalization, we are continuing to seek out opportunities for KBP to add 50 to 60 new units a year over the next five years."
KBP is one the largest Yum! Brands franchisees in the nation, employing 5,000, and consistently ranking as one of the 10 fastest-growing restaurant companies in the country. Its leadership recently completed a management buyout from investors after quadrupling its holdings in just four years.
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