SYRACUSE, N.Y.--(BUSINESS WIRE)--
Carrols Restaurant Group, Inc. ("Carrols" or the "Company")
(Nasdaq:TAST) today announced that on December 19, 2016 it signed a
definitive agreement to purchase 43 BURGER KING® restaurants
in and around Cincinnati, Ohio from GPS Hospitality. The transaction is
expected to close in January 2017 and is subject to customary closing
Daniel T. Accordino, the Company's Chief Executive Officer said, "We
continue to effectively execute our acquisition growth strategy, and in
2016 have completed the acquisition and integration of 56 BURGER KING®
restaurants. We are pleased to be concluding another productive year of
growth with a definitive agreement to purchase these additional 43
BURGER KING® restaurants. This transaction gives us a good
start for 2017 and provides us with a strong foothold in the greater
Cincinnati market. Looking ahead, we remain confident in our ability to
enhance long-term shareholder value through our ongoing acquisition
About the Company
Carrols Restaurant Group, Inc. is the largest BURGER KING®
franchisee in the United States with 762 restaurants as of December 21,
2016 and has operated BURGER KING® restaurants since 1976.
For more information on Carrols, please visit the company's website at www.carrols.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161221005456/en/
800-348-1074, ext. 3333
Source: Carrols Restaurant Group, Inc.
News Provided by Acquire Media