---
title: "FAST Acquisition Corporation Looks to Acquire QSR Brand"
url: https://burnaze.com/article/03896df2-c4b4-452b-b1f3-2c4426472bd4
source: "1851 Franchise"
original_url: https://1851franchise.com/fast-acquisition-corporation-looks-to-acquire-qsr-brand-2713762
category: "Franchisors"
industry: "Franchise Industry"
segment: "Franchisors"
topics: ["Finance & M&A"]
published: 2020-08-25T21:16:18.000Z
modified: 2026-11-01T02:26:35.963Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/324265286eb9f5ec21d917c402bacf9d2025.jpg
---

# FAST Acquisition Corporation Looks to Acquire QSR Brand

**TL;DR:** FAST Acquisition Corporation is seeking to acquire a quick-service restaurant brand with drive-thru capabilities and third-party delivery service integration. The company's leadership team includes industry veterans such as Doug Jacob, Sandy Beall, Kevin Reddy, and Kimberly Grant.

*originally published in 1851 Franchise on 2020-08-25. [Read the original](https://1851franchise.com/fast-acquisition-corporation-looks-to-acquire-qsr-brand-2713762).*

## Story

**According to a recent article from** **Nation’s Restaurant News****, FAST Acquisition Corporation, a newcomer in the special purpose acquisition company (SPAC) space with a $200M target, is looking to acquire a quick-service restaurant brand.**

**Based on industry changes in response to the coronavirus pandemic, CEOs of the acquisition company Doug Jacob and Sandy Beall are specifically seeking a brand that has amended their services and seen success during the crisis — one with drive-thru capabilities, partnership with a third party-delivery service and technology and “a ton of room for growth.”**

**FAST Acquisition’s leadership team is made up of restaurant industry veterans, including chairman Kevin Reddy, who’s worked at McDonald’s, Chipotle and Noodles & Co. and chief strategy officer Kimberly Grant, who served as CEO of** **ThinkFoodGroup** **restaurant and hospitality company as well as Ruby Tuesday. Their expertise paired with the rest of the team lends any brand years of combined experience.**

**“We’re looking for companies where we can apply our expertise in running some sizable public companies that will last 25 years to the more the entrepreneurial spirit of the emerging growth brands,” Beall says.**

**With a knowledge-rich group already assembled and** **funding raised****, the SPAC is looking to invest in a promising brand as soon as possible, even though SPAC rules don’t require an investment to be made within the first two years.**

**“I’m incredibly excited by the time. I’m excited by the assets we’re interested in,” Jacob said. “And I’m excited by our team.”**

## Entities

- 1851 Franchise (publication)
- Franchise Industry (sector)
- McDonald's (company)
- Nation's Restaurant News (publication)
- Chipotle (company)
- Noodles & Company (company)
- third-party delivery (topic)
- qsr brand (topic)
- Ruby Tuesday (company)
- industry veterans (topic)
- spac acquisition (topic)
- drive-thru capabilities (topic)

---
Originally reported by 1851 Franchise (https://1851franchise.com/fast-acquisition-corporation-looks-to-acquire-qsr-brand-2713762). Summarized by Burnaze (https://burnaze.com/article/03896df2-c4b4-452b-b1f3-2c4426472bd4).