Auspex Capital assisted three Wendy’s clients in navigating through the complex and arduous NPC bankruptcy sale process that was completed on March 24, 2021.
Yellow Cab Holdings, LLC (“YCH”), Chili Meat RE LLC (“CMRE”) Red Hubs LIV LLC (”RH”) (collectively, “YC”) has acquired 54 Wendy’s restaurants and the real estate underlying three Wendy’s restaurants from NPC Quality Burgers, Inc . The restaurants are located in and around the eastern Pennsylvania cities of Allentown, Harrisburg and Reading. YC is a Wendy’s franchisee owned and operated by Jared Yavers and Zach Calinoff. Jared and Zach, through various entities, now own and operate 78 Wendy’s restaurants in Pennsylvania (76) and New Jersey (2). Auspex Capital acted as the buy-side M&A advisor and debt placement agent to YC for the transaction.
Legacy Restaurant Group, LLC and affiliates (“Legacy”) has acquired 35 Wendy’s restaurants located in the Kansas City market from NPC Quality Burgers, Inc. Legacy Restaurant Group is an Overland Park, Kansas-based Wendy’s franchisee owned and operated by seasoned quick-service restaurant industry veterans, Kirk Williams and Felix Tollinche. Kirk and Felix, through various entities, now own and operate 51 Wendy’s restaurants in Kansas and Missouri. Auspex Capital acted as the financial advisor to Legacy on the transaction.
Superior Restaurant Group of North Carolina, Inc. (“SRGNC”) and Superior Restaurant Group of Virginia, Inc. (”SRGV”) (collectively, “SRG”) has acquired 26 Wendy’s restaurants located in and around the cities of Greensboro and Winston-Salem, North Carolina from NPC Quality Burgers, Inc. SRG is a Langhorne, Pennsylvania-based Wendy’s franchisee owned and operated by long-time quick-service restaurant industry veterans, Todd Bialow and Robert Cammarano. Todd and Rob, through various entities, now own and operate 32 Wendy’s restaurants in New Jersey (6), North Carolina (23) and Virginia (3). Auspex Capital acted as the buy-side M&A advisor and debt placement agent to SRG for the transaction.
