Multi-Brand Operator Teams With Corlex Capital In 23-Unit Wingstop Deal
Prospect Capital Restaurants has partnered with private equity firm Corlex Capital to acquire 10 Wingstop restaurants in two markets and signed an agreement to develop or acquire an additional 13 restaurants with the brand. Prospect Capital Restaurants is a multi-unit, multi-brand operator with more than two dozen locations including Jersey Mike’s, Booskerdoo, and Wingstop.
The acquisition of the first nine restaurants closed late last year, and another location in Indianapolis was added to the portfolio on January 6. The partners have signed a development deal to open another 13 restaurants in the Boston metropolitan area over the next 3 years.
Jason “JB” Bedasse, founder and CEO of Corlex, said, “We are proud to have joined the Wingstop family and we are eager to bring Corlex’s operational prowess to the newly acquired restaurants. We look forward to playing an active role in the continued growth of the Wingstop system.”
Corlex Capital has provided third-party operational management and consulting services to the QSR industry since 2019.
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