SYRACUSE, N.Y. — Carrols Restaurant Group, Inc. (NASDAQ: TAST) on Tuesday acquired nine Burger King locations in Northern New Jersey.
The transaction comes a week after Carrols acquired 23 Burger King restaurants in the Detroit, Michigan market, according to a Carrols news release issued on Wednesday.
Syracuse–based Carrols is the largest Burger King franchisee in the U.S. and has operated Burger King restaurants since 1976.
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Carrols continues to “effectively” execute its acquisition strategy, having acquired a total of 55 Burger King restaurants in 2015 with the completion of these most recent transactions, Daniel Accordino, CEO of Carrols, said in the firm’s news release.
“We are focused on capturing operational synergies and enhancing profitability at the restaurants we have acquired over the past couple of years. At the same time, we continue to pursue opportunities to acquire additional Burger King restaurants in support of our ongoing expansion objectives,” said Accordino.
Carrols now operates 705 Burger King restaurants in 16 states, it said.
Contact Reinhardt at ereinhardt@cnybj.com
