M&A Deal Summary

Carrols Acquires Cambridge Franchise Holdings - 221 Restaurants

On February 20, 2019, Carrols acquired restaurant Cambridge Franchise Holdings - 221 Restaurants from Cambridge Franchise Holdings

Acquisition Highlights
  • This is Carrols’ 1st transaction in the Restaurants sector.
  • This is Carrols’ 1st transaction in the United States.

M&A Deal Summary
Date 2019-02-20
Target Cambridge Franchise Holdings - 221 Restaurants
Sector Restaurants
Buyer(s) Carrols
Sellers(s) Cambridge Franchise Holdings
Deal Type Divestiture

Target

Cambridge Franchise Holdings - 221 Restaurants

United States
Cambridge Franchise Holdings LLC - 221 Restaurants comprises 166 Burger King and 55 Popeyes restaurants based in 10 Southeastern and Southern states of the U.S.

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Buyer(S) 1

Buyer

Carrols

Syracuse, New York, United States
Category Company
Founded 1960
Sector Restaurants
Employees6,075
Revenue 1.9B USD (2023)
DESCRIPTION

Carrols owns and operates more than 650 restaurants under the Burger King brand. Carrols was incorporated in 1960 and is based in Syracuse, New York.

DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER

Cambridge Franchise Holdings

Bartlett, Tennessee, United States
Category Company
Sector Franchising
DESCRIPTION

Cambridge Franchise Holdings LLC is a Burger King franchisees in the United States. The company owns Burger King restaurants and real estate in Alabama, Arkansas, Indiana, Kentucky, Louisiana, Mississippi, North Carolina, Tennessee, and Virginia.

DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
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