Bojangles’ to be Acquired by New York-based Consortium

Charlotte, N.C. — Bojangles’, Inc. has entered into a definitive agreement to be acquired by Durational Capital Management LP and The Jordan Company, L.P. in an all-cash transaction. Bojangles’ stockholders will receive $16.10 per share. Upon closing, Bojangles’ will continue to be operated as an independent, privately-held company and will remain based in Charlotte, N.C.

Sonic Corp. to be Acquired by Inspire Brands for $2.3 Billion

Oklahoma City and Atlanta — On September 25, 2018, Sonic Corp. and Inspire Brands, Inc. entered into a definitive merger agreement under which Inspire will acquire Sonic for $43.50 per share in cash in a transaction valued at approximately $2.3 billion including the assumption of Sonic’s net debt.

KONE Acquires Maine Elevator Specialists Inc.

Windham, Me. — KONE, a global leader in the elevator and escalator industry, has acquired the service and repair business of Maine Elevator Specialists Inc. in Windham, Me., including its operations throughout the greater Portland metropolitan area.

FAT Brands Completes Acquisition of Hurricane Grill and Wings for $12.5 Million

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc. has successfully completed the previously announced acquisition of Hurricane Grill & Wings for $12.5 million, which was funded through a combination of $8 million in cash and $4.5 million in preferred stock. With the acquisition of Hurricane, FAT Brands now franchises more than 325 restaurants around the world with annual system-wide sales exceeding $350 million.

Albertsons to Buy Rite Aid

Boise, Idaho — Boise, Idaho-based grocery chain Albertsons Cos. has agreed to acquire Rite Aid Corp., one of the nation’s largest drugstore chains, for an undisclosed sum. The integrated company will operate about 4,900 locations, 4,350 pharmacy counters, and 320 clinics across 38 states and Washington, D.C., serving more than 40 million customers per week.

Franke Foodservice Systems Acquires Facility Solutions, Inc.

Smyrna, Tenn. — Franke Foodservice Systems, the global equipment and supplies solutions provider based in Smyrna, Tenn., has acquired Facility Solutions, Inc. (FSI), a project management firm serving national restaurant and retail chains. FSI will continue to serve these customers from its offices in Clinton Township, Mich., complementing Franke’s own business in supporting large-scale facility improvement programs for global restaurant brands.

KBS Completes Acquisition of Empire Services

Oceanside, Calif. — Kellermeyer Bergensons Services, LLC (KBS), the largest provider of technology-enabled, integrated interior and exterior property services to multi-site and multi-region customers in North America, has completed the acquisition of Empire Services (Empire), an independently owned commercial facility maintenance company headquartered in New Orleans. The transaction closed on December 29, 2017.

Deep Green Waste & Recycling Acquires CARE

Marietta, Ga. — Deep Green Waste & Recycling Inc. has successfully closed the acquisition of Compaction and Recycling Equipment Inc. (CARE). CARE has been in business since 1977. It designs, engineers, fabricates, installs, finances or rents, and services waste equipment.

KBS Completes Acquisition of Varsity Facility Services

Oceanside, Calif. — Kellermeyer Bergensons Services, LLC (KBS), the largest provider of technology-enabled, integrated interior and exterior property services to retailers, grocers and multi-site customers in North America, has purchased Varsity Facility Services, a leading facility services provider in the U.S. and Canada. Varsity will join KBS as an operating division and will continue to utilize the Varsity brand.

Through $1.3 Billion JV Acquisition, Starbucks Will Operate All Starbucks Stores in Mainland China

Seattle — Starbucks Corporation has entered into a definitive agreement to acquire the remaining 50% share of its East China (East China JV) business from joint venture partners, Uni-President Enterprises Corporation (UPEC) and President Chain Store Corporation (PCSC) for approximately $1.3 billion in cash consideration in the largest single acquisition in the company’s history.

Staples To Be Acquired For Approximately $6.9 Billion

Framingham, Mass., and New York City — On June 29, 2017, Staples, Inc. and Sycamore Partners, a leading private equity firm, entered into a merger agreement in which investment funds managed by Sycamore Partners will acquire Staples for approximately $6.9 billion. 

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