The deal adds brands such as Round Table Pizza to FAT Brands’ portfolio. Credit: iammeltron on Flickr.

FAT Brands has completed its previously announced acquisition of Global Franchise Group (GFG), a move that adds five new restaurant concepts to its portfolio.

The deal closed nearly a month after the company signed an agreement to acquire GFG from Serruya Private Equity and Lion Capital for $442.5m.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

As a strategic brand management company, GFG focused on franchising and operating quick-service restaurant (QSR) concepts, including Round Table Pizza, Great American Cookies, Marble Slab Creamery, Hot Dog on a Stick and Pretzelmaker.

With the deal complete, FAT Brands’ portfolio now includes more than 2,000 franchised and company-owned restaurants globally.

The deal is also expected to increase the company’s annual EBITDA by around $40m, to between $55m and $60m, as well as boost annual revenues to more than $100m.

FAT Brands CEO Andy Wiederhorn said: “This acquisition is our largest deal yet, and further diversifies our iconic restaurant portfolio into new restaurant segments and categories. As our acquisitions have grown from small chains to global restaurants, FAT Brands is poised to better position itself as a multi-concept operator in the franchise restaurant business.

“Serruya Private Equity and Lion Capital were excellent partners in bringing this transaction to completion. Serruya has been a longtime supporter of our vision and we are grateful to be working with partners who share our enthusiasm for this diverse market.”

FAT Brands funded the transaction by paying $350m in cash, with the remaining amount provided through a combination of Series B preferred stock and common stock.

Recently, the company signed a deal to develop 50 co-branded Fatburger and Buffalo’s Express locations in Mexico.