TL;DR
WKS Restaurant Group has acquired 52 Wendy's restaurants and Pennant Foods Corp through a partnership with CapitalSpring. The acquisition adds to WKS's portfolio of over 180 franchise restaurants.
WKS owns more than 180 franchise restaurants and has now added 52 Wendy’s along with Pennant Foods Corp to the list. Nation’s Restaurant News gathered insights from both Roland Spongberg, CEO of WKS and Tee Isenhour, a principal at CapitalSpring on the recent acquisition.
After working together for over 11 years, CapitalSpring continues excelling its acquisition partnerships with WKS Restaurant Group. Being able to find a creative financial solution to meet the needs of WKS’s business and acquisitions has led to a trusting and reliable relationship.
“WKS has a long history of growth and operational excellence across multiple concepts and geographies,” said Tee Isenhour, a principal at CapitalSpring, in a news release, “and we look forward to future opportunities together across their brand portfolio,” said Roland Spongberg, CEO of WKS.
In this story
This story was originally published in 1851 Franchise on July 16, 2019. Burnaze summarizes and links to the original reporting.
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