M&A Deal Summary

Sun Holdings Acquires RMH Franchise

On November 9, 2021, Sun Holdings acquired restaurant RMH Franchise from ACON Investments

Acquisition Highlights
  • This is Sun Holdings’ 2nd transaction in the Restaurants sector.
  • This is Sun Holdings’ 2nd transaction in the United States.
  • This is Sun Holdings’ 1st transaction in Georgia.

M&A Deal Summary
Date 2021-11-09
Target RMH Franchise
Sector Restaurants
Buyer(s) Sun Holdings
Sellers(s) ACON Investments
Deal Type Add-on Acquisition

Target

RMH Franchise

Atlanta, Georgia, United States
RMH Franchise is a multi-brand restaurant company focused on operational excellence and thriving team culture. RMH Franchise operates over 130 restaurants across 14 states with a dynamic and dedicated team working in the front of the house, the back of the house, as trainers and managers, multi-unit operators, and in support centers. RMH Franchise was founded in 2012 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Sun Holdings

Dallas, Texas, United States
Category Company
Founded 1997
Sector Franchising
DESCRIPTION

Sun Holdings is the largest franchisee that developed a portfolio of over 1000 Locations in 12 States creating more than 22,000 jobs. Today, the organization operates 293 Burger King, 150 Popeyes, 94 Arby's, 36 IHOP, 160 T-Mobile, and 80 GNC locations, 148 Taco Bueno, 10 restaurants in various airports, as well as approximately 160 real estate units and over 20 parcels of land for future restaurants. Sun Holdings was established in 1997 and is based in Dallas, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Restaurants) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Georgia) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-15 Taco Bueno

Farmers Branch, Texas, United States

Taco Bueno is a premium quality, quick-service restaurant chain offering fast-casual quality Mexican cuisine at fast-food price and convenience. Taco Bueno was established in 1967 and headquartered in Farmers Branch, Texas.

Buy -

Seller(S) 1

SELLER

ACON Investments

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

ACON Investments is an international private equity firm that targets investments in the US, Europe, and Latin America. ACON's investment strategy covers 'opportunities at times of change - responding at points of inflection where value creation is possible'. Examples include businesses that serve the rapidly growing US Hispanic population, energy and energy service needs, businesses in need of operational help, and opportunities in Latin America resulting from economic deregulation and political liberalization. ACON's looks for companies where it can commit $20 to $150 million of equity capital. Target sectors include consumer products and services, distribution, business services and industrial manufacturing. ACON Investments was formed in 1996 and has offices in Washington DC; Houston, Texas; Los Angeles, California; and Madrid, Spain.

DEAL STATS #
Overall 24 of 31
Sector (Restaurants) 2 of 2
Type (Add-on Acquisition) 13 of 16
State (Georgia) 1 of 1
Country (United States) 17 of 21
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-15 Atlantic Sustainable Catch

United States

Atlantic Sustainable Catch is a premium, sustainable seafood processor and distributor. ASC platform is a leading producer of both scallops and lobster with close to 600 employees across five locations in Massachusetts and New Brunswick, Canada, and with a long history of supporting local fishing communities and serving some of the largest retailers, restaurant groups, and food distributors across North America and around the world with quality products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-12 iiMED Medical Solutions

Amherst, New York, United States

iiMED Medical Solutions is a developer and manufacturer of value-added consumable solutions for industrial and medical applications. iiMED offers "nearshore" outsource manufacturing services for Class I and II medical device consumables such as orthopedic bracing, sterile supplies, compression devices, and patient mobility products. iiMED Medical Solutions is based in Amherst, New York.

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