Southpaw, an owner and operator of Quick Service Restaurants (QSR), has bought 35 Taco Bell restaurants in the US.
The acquired restaurants are located across Northern Virginia and DC-Metro Maryland bolstering Southpaw’s footprint in the Mid-Atlantic region.
The financial details of the transaction were not disclosed.
Southpaw co-founder Judd Wishnow said: “Taco Bell is a world-class brand with a fiercely loyal customer base, and we are delighted to enter the dynamic, affluent Mid-Atlantic region.
“This is a high-quality portfolio of Taco Bells, which have performed well and are led by a highly capable and experienced management team. Importantly, we are eager to continue to grow our footprint in the region.”
With the acquisition, Southpaw now owns and operates around 135 QSR locations across US seven states including 70 Taco Bells restaurants.
The company plans to further grow its network through acquisitions and by developing new stores. It aims to open new locations in the Mid-Atlantic market next year.
Wishnow added: “As we have done across all markets for the past 12 years, we will invest significant resources into the well-being of our people and our business in the Mid-Atlantic.
“We believe that by building a best-in-class culture, we will continue to attract the best talent in the industry—from senior leaders to the junior crew members in our stores.”
Taco Bell is a fast-food restaurant chain that focuses on serving Mexican-inspired foods.
Last month, Orangewood Partners agreed to acquire Pacific Bells, one of the largest Taco Bell franchisees in the US.