Tasty Chick’n LLC, owned by Triton Pacific Capital Partners, has acquired 90 KFC franchise restaurants in eight states, including 15 combined KFC/Taco Bell locations, according to a company press release.
This is the group’s second brand platform, having previously completed the acquisition of 21 Dunkin’ stores in July 2021. With this acquisition, Tasty Chick’n is now positioned for significant growth within the system. KFC, according to the statement.
“We are delighted to expand our relationship with Yum! Brands and are excited about the opportunity for future growth this transaction provides,” said Craig Faggen, CEO of Triton Pacific, in the release. “KFC has long been a leader in the chicken category for quick service restaurants. However, the industry remains very fragmented and the possibility of buying such a large and well-established company as this one is limited. As an investment in the platform, we see tremendous potential for growth through additional acquisitions and the development of new units.”
Triton Pacific’s affiliate 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 in 16 states.