Tempe, Ariz. — Tilted Kilt Pub & Eatery® is on the brink of being acquired. ARC Group, Inc., the owner, operator and franchisor of the award-winning Dick's Wings & Grill® concept, intends to purchase the sports pub franchise.
ARC Group was formed in April 2000 to develop the Dick's Wings & Grill concept, and currently serves as owner, operator and franchisor of the Dick's Wings brand of restaurants. The ARC Group is led by CEO Richard Akam.
ARC Group, Inc. and the owners of Tilted Kilt have begun to execute agreements for the sale of Tilted Kilt to SDA Holdings, LLC, a company owned by Fred W. Alexander, who is a member of the board of directors of ARC Group. ARC Group intends to enter into an agreement with SDA Holdings within the next couple of weeks to acquire Tilted Kilt from SDA Holdings.
"Clearly the Titled Kilt brand is well recognized and an original pace setter in the category. We are looking forward to amplifying our strengths throughout the franchise system and a return to delivering great customer experiences," says Ketan Pandya, vice president of franchise relations for ARC Group, Inc.
Former Tilted Kilt President Ron Lynch will continue on as a consultant to the company over the next year during the transitional period. Lynch has been president and CEO since 2005, when Tilted Kilt started with three non-franchised locations. Over the next 60 to 90 days, Lynch and ARC Group will lay out a refined strategy and action plan for the brand.
"ARC Group recognizes the unlocked potential of the Tilted Kilt brand and has already begun phase one of their turnaround plan," says Lynch. "Teams within ARC Group are meeting with franchisees, vendors, partners and industry insiders to amplify their unique differentiators, bring focus to operational challenges, and formulate a new-invigorated growth plans — we are confident their industry knowledge will help lead Tilted Kilt to success."
Founded in the Rio Hotel in Las Vegas in 2003, Tilted Kilt Pub and Eatery roughly 50 locations in operation worldwide. For more information visit http://tiltedkilt.com/franchising/.
ARC Group, Inc., headquartered in Jacksonville, Fla., is the owner, operator and franchisor of the Dick's Wings & Grill concept. Dick's Wings has 15 restaurants in Florida and five restaurants in Georgia. It also has two concession stands at TIAA Bank Field (formerly EverBank Field), home of the NFL's Jacksonville Jaguars, as well as a concession stand at Jacksonville Veterans Memorial Arena, home of the National Arena League's Jacksonville Sharks.
SOURCE: Tilted Kilt Pub & Eatery