American Fork, Utah — Four Foods Group (FFG), a rapidly growing restaurant development, investment and management company, has acquired 48 Little Caesars restaurants in Alabama and Louisiana.
This acquisition caps a flurry of recent activity for FFG, including the acquisition of the fast-growing R&R Barbecue restaurant concept and its locations in Salt Lake City and the acquisition of The Soda Shop and its Arizona-based locations. These transactions add to FFG’s significant presence as a franchisee in the Kneaders Bakery & Cafe brand, where the company currently owns 44 Kneaders restaurants. In all, FFG now operates 97 restaurants in Utah, Arizona, Nevada, Colorado, Alabama and Louisiana, with 2017 annual revenues projected to exceed more than $150 million.
“This is a time of explosive growth for Four Foods Group,” says FFG’s co-founder and CEO, Andrew K. Smith. “I am proud of our team for setting and realizing ambitious and sometimes daunting growth goals. We have now become one of the leading restaurant concept incubators and management growth companies in America, and we are just getting started.”
In addition to its American Fork, Utah-based corporate headquarters, FFG has now opened a second corporate office in Birmingham, Ala., that will initially house 28 FFG corporate employees. More than 800 additional employees will serve in the Little Caesars locations in Alabama and Louisiana, bringing FFG’s total employee base to more than 3,000 employees across seven states.
W Partners Group LLC acted as the exclusive financial advisor to Four Foods Group in the transaction. Carman Lehnhof Israelsen, LLP acted as legal counsel.
For more information, visit fourfoodsgroup.com.
Headquartered in Detroit, Little Caesars® is the largest carryout-only pizza chain and one of the fastest growing pizza chains in America. Founded in 1959 as a single, family-owned restaurant, Little Caesars has become the third largest pizza chain in the world (based on net number of stores in 2015) and today has stores in all 50 U.S. states, as well as 20 countries and territories worldwide.
SOURCE: Four Foods Group