Northern Management Group Acquires 14 Dunkin' Locations In Greater Boston
Multi-unit franchisee Northern Management Group has acquired 14 Dunkin’ stores in the Boston market in a $44 million deal that was negotiated, financed, and closed by JCM Franchise Development, an M&A, financing and advisory firm that’s a subsidiary of Joyal Capital Management. It’s the first time in decades that a franchise group new to the Dunkin’ system purchased a network of this size in the Massachusetts market.
Northern Management Group is a multi-brand operator with holdings in the hotel, convenience store, and restaurant space, totaling more than 100 properties in the Northeast.
“For some time, our company wanted to acquire new assets located in New England, specifically in the Dunkin’ brand, but finding opportunities was difficult. We went to JCM because we know they have the relationships and the ability to get complicated deals done,” said Jigar Patel, one of Northern Management Group’s partners.
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