Arby’s Owner Buying ‘Sonic Drive-In’ Chain
(The company) already has more than 3,300 Arby’s restaurants and 140 Buffalo Wild Wings outlets!
By kncipat on September 25, 2018
Inspire Brands, the company behind Arby’s fast-food restaurants is moving into drive-ins!
CBS News reports, “Arby’s owner Inspire Brands is buying the Sonic drive-in hamburger chain.
Privately owned Inspire is paying $43.50 per share cash, or $2.3 billion, for publicly traded Sonic, which has 3,600 restaurants in the U.S. Inspire expects the deal to close by the end of this year.”
The company is relatively new, according to CBS News. “Atlanta-based Inspire Brands was formed earlier this year when Arby’s for around $2.4 billion. The company is mostly owned by affiliates of the private equity firm Roark Capital Group.
Inspire said Tuesday that owning multiple chains — it already has more than 3,300 Arby’s restaurants and 140 Buffalo Wild Wings outlets — will help it share resources, including customer loyalty data and suppliers.”