Triton Pacific Capital Partners, a sponsor of private placements, announced that its portfolio company, Tasty Chick’n LLC, recently completed the acquisition of a two-unit KFC operator in Colbert County, Alabama, located in the northwestern area of the state and part of the Florence-Muscle Shoals region.
The purchase price was less than $300,000 per restaurant.
The company says the acquisition serves as a “strategic add-on investment” for Tasty Chick’n, which already owns and operates five KFC restaurants in Alabama. Both stores have long-term franchise agreements in place and no near-term capital expenditure requirements.
“We are excited to expand our presence in Alabama and are encouraged by the growth prospects of this acquisition,” said Craig Faggen, Triton Pacific’s chief executive officer. “KFC is as known leader in the quick service restaurant industry, and these two restaurants fit well into our existing Alabama territory, further supporting Tasty Chick’n’s growth and investment approach. We expect these restaurants to be key contributors to the broader portfolio and its value creation strategy.”
Triton Pacific’s affiliated restaurant management company, Tasty Restaurant Group, manages a portfolio of quick service restaurants on behalf of Triton Pacific-sponsored funds. These restaurants include major brands such as Pizza Hut, Burger King, Dunkin’, Baskin-Robbins, KFC and Taco Bell operations across 22 states.
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