M&A Deal Summary

Inspire Brands Acquires Sonic

On September 25, 2018, Inspire Brands acquired restaurant Sonic for 2.3B USD

Acquisition Highlights
  • This is Inspire Brands’ 3rd transaction in the Restaurants sector.
  • This is Inspire Brands’ 3rd largest (disclosed) transaction.
  • This is Inspire Brands’ 4th transaction in the United States.
  • This is Inspire Brands’ 1st transaction in Oklahoma.

M&A Deal Summary
Date 2018-09-25
Target Sonic
Sector Restaurants
Buyer(s) Inspire Brands
Deal Type Add-on Acquisition
Deal Value 2.3B USD
Advisor(s) Guggenheim Securities (Financial)
Shearman & Sterling (Legal)

Target

Sonic

Oklahoma City, Oklahoma, United States
Sonic Corp. owns and operates restaurants with more than 3,500 drive-ins serving approximately 3 million customers every day. Sonic Corp. was established in 1953 and is headquartered in Oklahoma City, Oklahoma.

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Buyer(S) 1

Buyer

Inspire Brands

Atlanta, Georgia, United States
Category Company
Founded 1964
Sector Franchising
DESCRIPTION

Inspire Brands is a global owner, operator, and franchisor of a portfolio of restaurant brands that includes more than 4,500 Arby’s, Buffalo Wild Wings, and R Taco locations. Inspire Brands was founded in 1964 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 4 of 7
Sector (Restaurants) 3 of 4
Type (Add-on Acquisition) 3 of 6
State (Oklahoma) 1 of 1
Country (United States) 4 of 6
Year (2018) 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-05 Rusty Taco

Dallas, Texas, United States

Rusty Taco is a fast casual restaurant featuring authentic street style tacos in nine locations; two company-owned and seven franchised in three markets - Dallas, Denver and Minneapolis/St. Paul. Rusty Taco was founded in 2010 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-25 Jimmy John’s Sandwiches

Champaign, Illinois, United States

Jimmy John's Franchise LLC is a fast-casual submarine sandwich chain with nearly 2,000 restaurants located across the United States. Jimmy John's makes fresh, fast, and tasty sandwiches using freshly baked homemade bread, freshly sliced quality meats, and locally purchased, freshly sliced veggies. Jimmy John Liautaud is the Founder and Chairman of Jimmy John's Sandwiches.

Buy -
Mergr

Product

Company

Legal