Arby’s to Acquire Buffalo Wild Wings

 

In a deal valued at approximately $2.9 billion, Arby’s Restaurant Group will acquire Buffalo Wild Wings. The deal is expected close during the first quarter of 2018.

Upon completion of the deal, Buffalo Wild Wings will be a privately held subsidiary of Arby’s Restaurant Group Inc. and will continue to be operated as an independent brand. Paul Brown will serve as CEO of the parent company. Brown presently serves as CEO of Arby’s.

Arby’s is majority owned by affiliates of Roark Capital Group (Roark), an Atlanta-based private equity firm that focuses on investing in franchised and multi-unit businesses in the restaurant, retail and other consumer sectors. Affiliates of Roark are committing all the equity that, together with the proceeds of debt financing, will be necessary to complete the transaction.

 

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