SYRACUSE, N.Y. — Carrols Restaurant Group, Inc. (NASDAQ: TAST) announced Thursday that it has completed its acquisition of 13 Burger King restaurants in the Baltimore, Maryland market.
The transaction closed on Tuesday, Syracuse–based Carrols said in a news release.
“We are pleased to complete this transaction which adds to our existing presence in the attractive mid-Atlantic region,” Daniel Accordino, CEO of Carrols, said. “These restaurants have average sales volumes of over $1.8 million, higher than our system average, and should be highly accretive as we integrate them with our existing operations.”
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Carrols is one of the largest restaurant franchisees in the U.S., and currently operates a total of 1,078 restaurants. It is the biggest Burger King franchisee in the nation, operating 1,023 Burger King locations in addition to 55 Popeyes restaurants. The company has operated Burger King restaurants since 1976.
Contact Reinhardt at ereinhardt@cnybj.com
