The Delight Restaurant Group has substantially grown its portfolio by purchasing 65 Wendy’s restaurants in Pennsylvania, Ohio, and West Virginia, USA, from Primary Aim.
The agreement’s financial conditions remained undisclosed.
This strategic move establishes the Delight Restaurant Group as a prominent franchisee within the Wendy’s system.
Andrew Krumholz, the managing partner at Delight, said, “The Thompsons [owners of Primary Aim] have established a stellar reputation and business. We are enthusiastic about continuing to enhance their strong legacy and performance.”
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With this latest acquisition, the firm now oversees and runs 226 eateries, which includes Taco Bell, with $500 million in revenues spread over eight states.
The company plans to sustain its growth momentum through additional acquisitions and the establishment of new units.
The Delight Restaurant Group was founded by managing partners Andrew and Richard Krumholz in 2016.
“We are excited to bring in and integrate this exceptional team and portfolio of Wendy’s outlets to Delight,” said Krumholz.
“We have held the Thompson brothers in high regard since becoming part of the Wendy’s system seven years ago.”
In May 2021, the Delight Restaurant Group purchased 44 Wendy’s restaurants in Long Island and New York, USA, from The Wendy’s Company.
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The company intends to open several new Wendy’s locations in the region.
As part of the brand’s Image Activation initiative, the company also intends to renovate some of the acquired restaurants. The 44 restaurants included in the deal employ over 1,200 team members.
Prior to the 2021 acquisition in New York, NPC International’s bankruptcy sale procedure resulted in the purchase of 54 Wendy’s locations in Raleigh, North Carolina.