SYRACUSE, N.Y.--(BUSINESS WIRE)--
Carrols Restaurant Group, Inc. ("Carrols") (Nasdaq:TAST) today announced
that it has completed the acquisition of 46 BURGER KING® restaurants in
six transactions during the fourth quarter of fiscal 2015 as follows:
Acquired five restaurants (net of one closing) on October 1, 2015 in
West Virginia and Ohio (Wheeling market);
Acquired one restaurant on October 20, 2015 in Kalamazoo, Michigan;
Acquired eight restaurants in two separate transactions on November
17, 2015 for restaurants located in Indiana and Kentucky (Evansville
Acquired 23 restaurants on December 1, 2015 in Michigan (Detroit
Acquired nine restaurants on December 8, 2015 in Northern New Jersey.
Daniel T. Accordino, the Company's Chief Executive Officer said, "We
continue to effectively execute our acquisition strategy, and with the
completion of these most recent transactions, we have acquired a total
of 55 BURGER KING® restaurants in 2015. 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."
Carrols is the largest BURGER KING® franchisee in the United
States and has operated BURGER KING® restaurants since 1976. With these
recent acquisitions Carrols has purchased a total of 55 restaurants in
2015 and now operates a total of 705 BURGER KING® restaurants in 16
Except for the historical information contained in this news release,
the matters addressed are forward-looking statements. Forward-looking
statements, written, oral or otherwise made, represent Carrols'
expectation or belief concerning future events. Without limiting the
foregoing, these statements are often identified by the words "may",
"might", "believes", "thinks", "anticipates", "plans", "expects",
"intends" or similar expressions. In addition, expressions of our
strategies, intentions, plans or guidance are also forward-looking
statements. Such statements reflect management's current views with
respect to future events and are subject to risks and uncertainties,
both known and unknown. You are cautioned not to place undue reliance on
these forward-looking statements as there are important factors that
could cause actual results to differ materially from those in
forward-looking statements, many of which are beyond our control.
Investors are referred to the full discussion of risks and uncertainties
as included in Carrols' filings with the Securities and Exchange
View source version on businesswire.com: http://www.businesswire.com/news/home/20151209006047/en/
Carrols Restaurant Group, Inc.
Source: Carrols Restaurant Group, Inc.
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