The sale of 31 North Carolina Taco Bell and Long John Silver’s
locations by Family Foods Inc. to Flynn Restaurant Group, the largest
franchise company in the US.
The sale of CLC Restaurants, LLC’s Taco Bell locations in Central
Washington to Yakima Restaurants. CLC continues to operate Taco Bell
locations in Washington, Idaho and Southern California.
Securing a new first and second lien credit facility for Pennant
Foods, LLC, a leading Wendy’s franchisee with 89 locations in
California and Tennessee. Trinity assisted Pennant Foods in securing
financing with Capital Spring, which provides senior and mezzanine
debt and preferred capital to proven operators in the franchise
LOS ANGELES--(BUSINESS WIRE)--
Amid favorable conditions for optimizing sales and financing, the
boutique investment firm Trinity
Capital recently assisted two clients in the sale of their
restaurant businesses and helped another to secure a new credit facility.
“Restaurant valuations are flirting with all-time highs, driven by
plentiful bank financing, low interest rates and buyers with ample
capital to close transactions,” said Kevin Burke, founder and managing
partner of Los Angeles-based Trinity Capital. “Now is a good time to
sell, if that’s your exit strategy, and while valuations are still
Trinity recently served as the exclusive financial advisor for three completed
For Family Foods, the sale of their 31 restaurants represents the
family’s exit strategy from the restaurant business.
“Trinity ran an excellent sale process with the utmost integrity, which
was extremely important to our family,” said Ron Mathews, owner of
Family Foods. “They were ardent advocates in representing our interests
and the results of the sale process exceeded our expectations.”
About Trinity Capital
Trinity Capital provides financial advice to middle market businesses
regarding mergers and acquisitions, leveraged and management buyouts,
debt restructuring and private placements of debt and equity. The firm,
a FINRA-regulated financial advisor, combines Wall Street experience and
investor relationships with boutique client service and has deep sector
expertise in restaurants, consumer/retail, food and beverage, and other
industries. Trinity is headquartered in Los Angeles with offices in
Boston. For more information visit http://www.trinitycapitalllc.com.
Barbara Caruso, 714-841-67777
Source: Trinity Capital