M&A Deal Summary

WKS Restaurant Group Acquires Pennant Foods

On January 11, 2018, WKS Restaurant Group acquired restaurant Pennant Foods from Brockway Moran & Partners

Acquisition Highlights
  • This is WKS Restaurant Group’s 1st transaction in the Restaurants sector.
  • This is WKS Restaurant Group’s 1st transaction in the United States.
  • This is WKS Restaurant Group’s 1st transaction in California.

M&A Deal Summary
Date 2018-01-11
Target Pennant Foods
Sector Restaurants
Buyer(s) WKS Restaurant Group
Sellers(s) Brockway Moran & Partners
Deal Type Add-on Acquisition

Target

Pennant Foods

San Diego, California, United States
Pennant Foods is a large franchisee of Wendy's quick-service restaurants. Pennant operates 94 Wendy's restaurants in several markets in Southern California and Eastern Tennessee. The Wendy's Old Fashioned Hamburgers concept is the third largest hamburger quick-service restaurant concept, operating over 6,500 restaurants worldwide with system-wide revenues that exceed $7 billion. The company's commitment to operational excellence, its diverse menu offering and the quality of its food differentiate Wendy's from its competitors.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

WKS Restaurant Group

Cypress, California, United States
Category Company
Sector Restaurants
DESCRIPTION

WKS Restaurant Group is a franchisee of El Pollo Loco, Denny's, Wendy's, Krispy Kreme Doughnuts, and Blaze Pizza. The Company's goal is to make certain every customer has a a positive experience every time they visit one of its restaurant locations. WKS Restaurant Group is based in Cypress, California.

DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Brockway Moran & Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Brockway Moran's headquarters in Boca Raton, Florida.
Brockway Moran's headquarters in Boca Raton, Florida.

Brockway Moran is a private equity firm that targets investments in privately held businesses, small cap public companies or subsidiaries and divisions of larger enterprises. The firm prefers profitable businesses with margins of at least 10%. Industries of interest include consumer products/services, industrial manufacturing, business services, health and fitness, healthcare, and value-added distribution. Brockway's geographic scope is within the US. Brockway seeks to invest between $15 and $100 million of equity capital in growth-oriented businesses valued between $50 and $250 million. Brockway Moran is based in Boca Raton, Florida.

DEAL STATS #
Overall 13 of 16
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (California) 3 of 4
Country (United States) 13 of 16
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-16 Crisis Prevention Institute

Milwaukee, Wisconsin, United States

Crisis Prevention Institute is a training organization specializing in the safe management of disruptive and assaultive behavior. CPI's training reduces the frequency and impact of incidents resulting from aggressive behavior in the workplace, improve professionals' confidence levels, help customers comply with regulatory requirements, and create a safer environment for all involved. Crisis Prevention Institute was founded in 1980 and is based in Milwaukee, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-02 MD Now Urgent Care

West Palm Beach, Florida, United States

MD Now Urgent Care offers a patient-friendly and differentiated healthcare alternative by providing high-quality, convenient, timely, and affordable medical treatment for non-life-threatening injuries and illnesses 8 am-8 pm, 365 days per year, annually serving hundreds of thousands of patients with exemplary satisfaction ratings. MD Now Urgent Care was founded in 2005 and is based in West Palm Beach, Florida.

Sell -
Mergr

Product

Company

Legal