The Delight Restaurant Group has significantly expanded its portfolio by acquiring 65 Wendy’s restaurants across Pennsylvania, Ohio and West Virginia, US, from Primary Aim.
The financial details of the transaction have not been disclosed.
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The strategic move positions the Delight Restaurant Group as a leading franchisee within the Wendy’s system.
Delight managing partner Andrew Krumholz said: “The Thompsons [owners of Primary Aim] have built an excellent reputation and business and we are excited to continue to build on their strong legacy and performance.”
With the latest acquisition, the group now owns and operates 226 restaurants, including Taco Bell, generating $500m in sales across eight states.
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The company intends to continue its growth trajectory through further acquisitions and the development of new units.
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By GlobalDataThe Delight Restaurant Group was established by managing partners Andrew and Richard Krumholz in 2016.
Richard Krumholz said: “We are thrilled to welcome and acquire this high-quality team and portfolio of Wendy’s restaurants to Delight.
“We have had a tremendous amount of respect for the Thompson brothers since joining the Wendy’s system seven years ago.”
In May 2021, the Delight Restaurant Group acquired 44 Wendy’s restaurants on Long Island and New York in the US from The Wendy’s Company.
The company plans several new Wendy’s outlets in the region.
Under the brand’s Image Activation initiative, it also plans to remodel some of the acquired restaurants. The 44 included in the deal employ more than 1,200 team members.
The 2021 acquisition in New York followed the acquisition of 54 Wendy’s restaurants in Raleigh, North Carolina, as part of the NPC International bankruptcy sale process.
