GPS HOSPITALITY ACQUIRES 36 ADDITIONAL BURGER KING® RESTAURANTS
BURGER KING® Franchisee Completes Third Acquisition This Year
ATLANTA – (December 18, 2014) – GPS Hospitality Partners announced last week the purchase of 36 BURGER KING® restaurants located in Maryland, Pennsylvania, and New Jersey from Twoton, Inc. “Twoton is one of the longest-tenured BURGER KING franchisees and they have operated great BURGER KING restaurants for more than 40 years,” said Tom Garrett, CEO and Founder. “We’re excited to enter these markets and carry on the tradition of providing excellent service and hot, fresh food to our guests.”
“BURGER KING is an iconic brand and we are focused on continuing to operate great restaurants as we look for further opportunities for growth,” added Garrett. “We’ve developed a winning formula for improving guest service, upgrading facilities, as well as providing training and development opportunities for our teams. We’re excited to be able to share these practices with our teams in each market. “
During 2014, GPS Hospitality acquired 79 restaurants. The Company previously purchased four additional restaurants in the Atlanta market, as well as 39 in the Cincinnati market, which similarly to this transaction, was also completed in partnership with Nonami Investments and The Cynosure Group.
About GPS Hospitality
Founded in 2012, GPS Hospitality is a BURGER KING® franchisee, operating 136 stores in Georgia, Indiana, Kentucky, Maryland, New Jersey, Ohio, Pennsylvania and West Virginia. GPS Hospitality seeks to become our guests’ favorite QSR destination by implementing our brand values of being Goal Focused, People Oriented and Service Obsessed. For more information, please visit www.gpshospitality.com.
About The Cynosure Group
The Cynosure Group was founded to bring together the resources of a number of significant family offices, anchored by the Eccles family of Salt Lake City, to make private investments in a range of industries.
About Nonami Investments
Nonami Investments is a partnership of the Thomas G. Cousins family office which focuses on making investments into companies with exceptional management teams and attractive growth opportunities.
About Burger King Worldwide
Founded in 1954, BURGER KING® (NYSE: BKW) is the second largest fast food hamburger chain in the world. The original HOME OF THE WHOPPER®, the BURGER KING® system operates in over 14,000 locations serving over 11 million guests daily in 98 countries and territories worldwide. Approximately 100 percent of BURGER KING® restaurants are owned and operated by independent franchisees, many of them family-owned operations that have been in business for decades. To learn more about Burger King Worldwide, please visit the company’s website at www.bk.com or follow BK on Facebook and Twitter.
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