US Beef Acquires 10 More Arby's Locations
Arby's largest franchisee just got bigger by acquiring another 10 units of the sandwich restaurant brand in Central Washington and Northern Idaho. Tulsa, Oklahoma-based US Beef now operates 360 Arby's locations and a half dozen Taco Bueno locations in western and Midwest states. Its 10 new restaurants are in Tri-Cities, Yakima, and Moses Lake, Washington and Coeur d' Alene and Hayden, Idaho.
The sellers in the deal were Richard (Rip) Riva, president of Cascade Beef, Inc. and Riva Real Estate, LLC, and Deana Harris, president of 3 Rivers Roast Beef.
US Beef CEO John Davis said, "We are delighted to have the opportunity to expand our existing US Beef Arby's footprint in Washington and Idaho with this group of seasoned restaurants. We've always had the deepest respect for Mr. Riva and Ms. Harris, and consider them to be two of the finest operators in the Arby's system. One of our growth strategies is to expand contiguously, so when this opportunity presented itself, we felt Washington was an ideal fit for expanding and aligning contiguous markets to our existing footprint, since we were already in Idaho. We have a proven track record of accelerating the growth of businesses that we acquire, and can leverage our technology and training strengths. Rip Riva and Deana Harris have best-in-class people in their organization, and we wish to welcome all our new team members and associates to the US Beef family."
Riva and Davis were two of Arby's pioneering franchisees. "We grew up in this business together. So we couldn't be happier to be entrusting our valued employees and loyal guests to US Beef, one of Arby's most prestigious franchisee groups," said Riva.
Deana Harris, president of 3 Rivers Roast Beef added, "Our operating philosophy and core values are similar in so many respects, and we're pleased that US Beef is committed to growing the brand further in the years ahead. We believe this transaction provides a great opportunity for our team members to continue to grow and develop their careers." Harris will remain with US Beef as an area director for the region.
US Beef now operates in Washington, Idaho, Wyoming, Colorado, Kansas, Oklahoma, Arkansas, Missouri, and Illinois. In 2015, US Beef also signed an aggressive development agreement with Arby's to develop an additional 70 restaurants by 2022.
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