American Restaurant Concepts buys a 50 percent stake in Wing Nutz.
American Restaurant Concepts, operator and franchisor of Dick's Wings & Grill restaurants, has acquired a 50 percent interest in Paradise on Wings Franchise Group, owner and franchisor of Wing Nutz, a chicken wing-themed restaurant chain.
In a separate but related transaction, Blue Victory Holdings, a Louisiana-based private equity firm, acquired a 50 percent ownership interest in Wing Nutz Development, LLC, which holds the operating assets and liabilities associated with running the Wing Nutz franchisees.
Based in Salt Lake City, Wing Nutz has 11 locations, including 10 in Utah and 1 in Idaho. The company plans to open a pair of other locations, including one each in Las Vegas and Utah. In addition to a menu of baked wings, sandwiches and other items, Wing Nutz has its own proprietary line of craft beers it markets under the name Nut Job Beers.