Private equity firm Polar Star Capital Partners has acquired a stake in Meridian Restaurants Unlimited, a franchisee currently operating 114 Burger King restaurants.

The transaction marks the launch of the firm’s business. Although terms of the deal were not disclosed, it is noted that Meridian’s estimated total enterprise value is more than $80m.

Established in 2002 by David Harper, Meridian Restaurants also operates the recently acquired ten Chili’s restaurants and two El Pollo Loco stores.

“David has a demonstrated track record of growing a successful franchisee and developing and managing profitable stores.”

Polar Star founder James Winder said: “We are thrilled to be partnering with one of the best operators in the industry in David Harper.

“David has a demonstrated track record of growing a successful franchisee and developing and managing profitable stores within multiple restaurant concepts. He has created a culture of team members who operate at a very high level and focus on doing business the right way.”

Harper added: “We are excited to be working with Polar Star Capital Partners which brings outstanding board level advisory, accelerated growth support and financial expertise to bear on the next chapter of the development of our company.”

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.

The deal includes capital outlay to support the acquisition of 25 additional Burger King locations from Horizon Food Service in Kansas and Nebraska.

It will also cover development plans, area rights and benefits for the Burger King system in eight western states.

Meridian Restaurants, in collaboration with Polar Star Capital Partners, has expanded its operations into the two US states and will double its locations in these regions in the future.