TriWen, LLC (“TriWen”) has acquired ten Wendy’s restaurants in the states of Connecticut (5), Pennsylvania (3) and New Jersey (2) from a franchisee who is exiting the local market. TriWen is a Hasbrouck Heights, New Jersey-based restaurant operating company owned by John Antonaccio, Joe Cugine and Keith Kas, who are long-time quick-service restaurant industry veterans with significant experience in the Wendy’s system.
The shareholders of TriWen, through various affiliates, now own and operate 67 Wendy’s restaurants and 12 Taco Bell restaurants in New York, New Jersey, Connecticut and Pennsylvania.
Auspex Capital acted as the buy-side M&A advisor and debt placement agent to TriWen for the transaction.
