---
title: "Pennant Foods Corp Acquired by WKS Restaurant Group"
url: https://burnaze.com/article/dc37b4fb-8852-4151-a671-c517a5a02f57
source: "1851 Franchise"
original_url: https://1851franchise.com/capitalspring/pennant-foods-acquired-by-wks-restaurant-group-2710144
category: "Restaurants"
industry: "Restaurants"
topics: ["Finance & M&A"]
published: 2019-07-16T13:08:01.000Z
modified: 2026-11-01T02:28:47.570Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/1fc800111ba262861cb44c732c36c7808323.jpg
---

# Pennant Foods Corp Acquired by WKS Restaurant Group

**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.

*originally published in 1851 Franchise on 2019-07-16. [Read the original](https://1851franchise.com/capitalspring/pennant-foods-acquired-by-wks-restaurant-group-2710144).*

## Story

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.

## Entities

- 1851 Franchise (publication)
- Restaurants (sector)
- unit expansion (topic)
- private equity (topic)
- Wendy's (company)
- acquisition (topic)
- Capital Spring (investor)
- WKS Restaurant Group (company)
- WKS Restaurant Group investment in Wendy's (deal)

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Originally reported by 1851 Franchise (https://1851franchise.com/capitalspring/pennant-foods-acquired-by-wks-restaurant-group-2710144). Summarized by Burnaze (https://burnaze.com/article/dc37b4fb-8852-4151-a671-c517a5a02f57).