News

368 Arby's units change hands

December 6, 2018

Flynn Restaurant Group LP subsidiary, RB American Group Llc., has acquired 368 U.S. Arby's restaurants from US Beef, adding to the parent company's overall portfolio including QSR brand locations for Taco Bell and fast casual units with Panera Brand, a news release said. With this acquisition, Flynn Restaurant Group's now owns four prominent restaurant brands, as it also holds units of casual dining brand, Applebee's. 

Flynn Restaurant Group will own and operate 1,245 restaurants total that generate $2.3 billion in sales in 33 states.   

"Standing in a category of its own, the Arby's brand aligns perfectly with our preference for brands that are truly differentiated and 'best in breed' in their segments," Greg Flynn, founder, chairman and CEO of Flynn Restaurant Group, said in the release. "Benefiting from very strong leadership, the Arby's brand has achieved great momentum these past few years and we are truly excited about the opportunities that lie ahead."  

Arby's currently has more than 3,300 restaurants worldwide.