Courtesy of Buffalo Wild Wings In its quest to “have the meats,” Arby’s officially acquired Buffalo Wild Wings for a beefy $2.9 billion on Monday, February 5, 2018. The two popular restaurant chains, in addition to Mexican fast-casual restaurant R Taco, will operate under the newly-debuted company dubbed Inspire Brands.
Because Arby’s owns Buffalo Wild Wings (via CNN). They acquired the yellow-and-black behemoth back in 2017 for $2.4 billion in cash, according to Bloomberg. Given that Arby’s is now under the same, greasy culinary umbrella as the nation’s leading full-service chicken wing chain, it reasons their wings would be solid.
Buffalo Wild Wings is getting a new owner On November 28, Buffalo Wild Wings announced that it will merge with Arby’s Restaurant Group, which is majority owned by affiliates of Atlanta- based private equity firm Roark Capital Group. Arby’s will acquire Buffalo Wild Wings for $157 per share in cash in the transaction.
Buffalo Wild Wings is being acquired by Roark Capital Group, the owner of Arby’s, but burger chain Wendy’s may benefit from the deal, analysts said. Currently, Wendy’s owns about 18.5 percent of Arby’s, with its stake valued at around $325.9 million, as of the third quarter this year.
This deal was completed on February 5, 2018 with Arby’s Restaurant Group being renamed Inspire Brands and set up as the holding parent company to Arby’s, Buffalo Wild Wings, and R Taco. Inspire Brands intends for each restaurant to keep their individual brands, name, logos, and operating autonomously.
This deal was completed on February 5, 2018 with Arby’s Restaurant Group being renamed Inspire Brands and set up as the holding parent company to Arby’s, Buffalo Wild Wings, and R Taco. Inspire Brands intends for each restaurant to keep their individual brands, name, logos, and operating autonomously.
Buffalo Wild Wings Sold to Arby’s for $2.9 Billion Backed by private-equity firm Roark Capital, quick-service giant Arby’s is buying the 1,200-unit casual dining leader. November 2017 Danny Klein Buffalo Wild Wings announced Tuesday that it has entered into a definitive merger agreement with Arby’s Restaurant Group.
So, why does Arby’s, long maligned for its heavily-processed roast beef, put out a boneless wing that could stand talon-to-talon with a restaurant’s? Because Arby’s owns Buffalo Wild Wings (via CNN). They acquired the yellow-and-black behemoth back in 2017 for $2.4 billion in cash, according to Bloomberg.
The Bottom Line. Buffalo Wild Wings is being acquired by Roark Capital Group, the owner of Arby’s, but burger chain Wendy’s may benefit from the deal, analysts said. Currently, Wendy’s owns about 18.5 percent of Arby’s, with its stake valued at around $325.9 million, as of the third quarter this year.
Who bought Buffalo Wild Wings?
Buffalo Wild Wings announced Tuesday that it has entered into a definitive merger agreement with Arby’s Restaurant Group. ARG will acquire the casual dining chain for $157 per share in cash, a deal valued at about $2.9 billion, including Buffalo Wild Wings’ net debt.
During his tenure, sales have swelled 20 percent, and are on track to hit $4 billion in 2018. The brand has reported 26 consecutive quarters of growth. “Arby’s is a very different company from Buffalo Wild Wings,” Badum says.
Buffalo Wild Wings was founded in 1982 and went public in 2003. The company had 220 units at the time and has since grown to more than 1,200 locations worldwide. Jim Badum, executive vice president of client partnerships at Ansira, the second largest independent CRM firm in the U.S., says the deal will help the brand’s current operators.
Following the transaction, which is expected to close during the first quarter of 2018, Buffalo Wild Wings will be a privately held subsidiary of ARG. It will, however, continue to be operated as an independent brand, the company said.
How many restaurants does Arby’s have?
Arby’s, known for its meaty sandwiches, has more than 3,400 restaurants; Buffalo Wild Wings has more than 1,200. Several casual restaurant chains, including Buffalo Wild Wings, have been taken private recently as they lose customers to cheaper and faster chains.
The Associated Press. An Arby’s restaurant in Atlanta, Ga. , Matt Odom/AP Images for Arby’s Restaurant Group. NEW YORK — Arby’s completed its deal to buy Buffalo Wild Wings on Monday and created a new company named Inspire Brands that will run the chains.
Another sit-down chain, Ruby Tuesday, was bought by private equity firm NRD Capital last year. At Buffalo Wild Wings, which serves chicken wings in a sports bar atmosphere, a key sales figure has fallen in the past two quarters. Arby’s had announced in November that it would pay $2.4 billion for Buffalo Wild Wings.
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