Franchising

Tasty Chick’n acquires 90 KFC franchises

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January 21, 2022

Tasty Chick'n LLC, owned by Triton Pacific Capital Partners, has acquired 90 franchised KFC restaurants across eight states, including 15 KFC/Taco Bell combination locations, according to a company press release.

It is the group's second brand platform, having previously completed an acquisition of 21 Dunkin' stores in July 2021. With this acquisition, Tasty Chick'n is now positioned for significant growth within the KFC system, according to the release.

"We are thrilled to expand our relationship with Yum! Brands and are enthusiastic about the future growth opportunity this transaction affords," Craig Faggen, Triton Pacific's CEO, said in the release. "KFC is a long-standing leader within the chicken category for quick service restaurants. The industry, however, remains highly-fragmented, and the opportunity to purchase a sizable, well-established business such as this is limited. As a platform investment, we view tremendous growth potential through add-on acquisitions and new unit development."

Triton Pacific's affiliated restaurant management company, Tasty Restaurant Group, manages a portfolio of nearly 370 QSR restaurants on behalf of Triton Pacific sponsored funds. These restaurants include brands such as Pizza Hut, Burger King, Dunkin', Baskin-Robbins, KFC and Taco Bell operations across 16 states.