AARON CAPITAL, INC. SELLS EDDIE’S RESTAURANT COMPANY

 


 

Aaron Capital, Inc. (“Aaron”), a leading global middle market investment bank, is pleased to announce the sale of Eddie’s Restaurant Company (“ERC”) to FQSR, LLC, a special purpose entity formed by KBP Foods for the purpose of effectuating this transaction (“KBP”).  

ERC is an operator of thirty-three (33) YUM! branded quick service restaurants, including twenty-seven (27) KFC branded restaurants, three (3) KFC / Taco Bell co-branded restaurants and three (3) KFC / Long John Silver’s co-branded restaurants, founded by Eddie Abadi in 2014. The Company was founded for the sole purpose of acquiring and growing a chain of YUM1 Brand restaurants.  Under Eddie’s leadership, ERC was able to increase average daily sales in excess of 13%, employ over 750 people and consistently rank 5 – 10 percentage points better than its competitors in customer satisfaction rantings.

KBP is a leading operator of YUM! Brand quick service restaurants.  With this acquisition KBP now operates in excess of 500 stores in 20 states and was able further strengthen its position in the greater Chicago area.  

Aaron acted as the exclusive financial adviser to ERC, working closely Eddie Abadi and the rest of the management team. Aaron prepared the marketing materials, approached a targeted list of approved YUM! Brand operators and financial buyers already invested in the space, managed a competitive auction process and negotiated the final price and terms.

Eddie Abadi, founder of ERC, said, “Aaron was the perfect investment banking partner for us.  They were able to guide us through a complex sale of 33 restaurants, achieve greater than anticipated financial results and keep the transaction relatively stress free.”

Deal Team Contacts
David Wolfe, Chairman | 901.213.2035 dwolfe@aaroncapital.com
Robert T. Smith, President | Partner 562.858.4141 rsmith@aaroncapital.com
Road Ammons, Managing Director | 615.429.7259 | tliu@aaroncapital.com
Roman LeFranc, Managing Director | 310.413.8677 | rlefranc@aaroncapital.com

 

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