M&A Deal Summary

The Wendy s Acquires Fresh Enterprises

On May 31, 2002, The Wendy s acquired restaurant Fresh Enterprises for 275M USD

Acquisition Highlights
  • This is The Wendy s’ 1st transaction in the Restaurants sector.
  • This is The Wendy s’ largest (disclosed) transaction.
  • This is The Wendy s’ 1st transaction in the United States.
  • This is The Wendy s’ 1st transaction in California.
Investment Fate
  • Fresh Enterprises was divested to a consortium of buyers in 2014.
  • Fresh Enterprises was sold to a publicly-traded strategic buyer in 2016.

M&A Deal Summary
Date 2002-05-31
Target Fresh Enterprises
Sector Restaurants
Buyer(s) The Wendy s
Deal Type Add-on Acquisition
Deal Value 275M USD

Target

Fresh Enterprises

Irvine, California, United States
website
Fresh Enterprises LLC (dba Baja Fresh) is a chain of fast-casual Tex Mex restaurants.

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Buyer(S) 1

Buyer

The Wendy s

Dublin, Ohio, United States

website

Category Company
Founded 1969
Sector Restaurants
Employees13,300
Revenue 2.1B USD (2022)
DESCRIPTION
Entrance to Wendy's corporate headquarters in Dublin, Ohio.
Entrance to Wendy's corporate headquarters in Dublin, Ohio.

The Wendy's is a major quick-service hamburger company. The Wendy’s system includes more than 6,500 franchise and Company restaurants in the U.S. and 29 other countries and U.S. territories worldwide. The Wendy’s was founded in 1969 and is based in Dublin, Ohio.

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 (2002) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-20 Wendy s 54 Salt Lake City Restaurants

United States

Wendy's 54 Salt Lake City Restaurants comprises 24 restaurants, along with two future locations, in the Seattle market . 30 restaurants in the St. Louis market.

Sell -
Mergr

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