Tasty Chick'n, LLC, Acquires 90 KFC Restaurants
Tasty Chick'n, LLC, has picked up 90 KFC restaurants in eight states, 15 of the units are KFC/Taco Bell combination locations.
Tasty Chick’n is part of Tasty Restaurant Group, which manages a portfolio of nearly 370 quick service restaurants for private-equity firm Triton Pacific Capital Partners. Other brands in the portfolio include Pizza Hut, Burger King, Dunkin', and Baskin-Robbins.
"We are thrilled to expand our relationship with Yum! Brands and are enthusiastic about the future growth opportunity this transaction affords," said Craig Faggen, Triton Pacific's CEO. "KFC is a long-standing leader within the chicken category for quick service restaurants. The industry, however, remains highly-fragmented, and the opportunity to purchase a sizable, well-established business such as this is limited. As a platform investment, we view tremendous growth potential through add-on acquisitions and new unit development."
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