carl howard

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc. has agreed to acquire Fazoli’s for $130 million from funds under management by Sentinel Capital Partners. This acquisition brings to FAT Brands the largest premium QSR Italian chain in the U.S., and will be funded with cash from the issuance of new notes from the company’s securitization facilities. The transaction is expected to close by mid-December 2021. The planned acquisition of Fazoli’s further speaks to FAT Brands’ recent diversification of its restaurant portfolio, making a foray into the Italian quick-service dining …

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Lexington, Ky. — Fazoli’s, an elevated QSR Italian chain, has signed a multi-unit deal with new franchisee Impact Hospitality Group. In addition to acquiring two existing locations in Columbia, S.C., the group also plans to develop five additional restaurants in and around the Columbia area over the next few years, with the first location slated to open in 2019.

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Lexington, Ky. — Fazoli’s, America’s largest fast-casual Italian restaurant brand, has signed an agreement with the TA Restaurant Group, a division of TravelCenters of America LLC (TravelCenters), operator of the TA® and Petro Stopping Centers® travel center brands, to bring its restaurants to highway travelers across the country.

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