Just days before Black Friday, multiconcept operator FAT Brands continued its shopping spree by purchasing Native Grill & Wings for $20 million from Wingtime, LLC, a subsidiary of Cybeck Capital Partners, LLC. This represents FAT Brands third acquisition since June and second in the month of November.
Earlier this month FAT Brands inked a deal to acquire Fazoli’s. In September FAT Brands acquired Twin Peaks, a sports lodge concept. And toward the end of June FAT Brands bought Global Franchise Group, a company whose portfolio included five restaurant chains.
Native Grill & Wings will represent the third chicken wing concept in FAT Brands corporate coop, joining now sibling chains Hurricane Grill & Wings and Buffalo’s Cafe & Express. “With the chicken wing sector growing in popularity throughout the pandemic, we knew that we wanted to continue developing our portfolio further into this category by bringing in a brand that would complement our existing wing concepts,” says FAT Brands CEO Andy Wiederhorn in a statement.
With the acquisition of Native Grill & Wings, FAT Brands will have more than 2,300 franchised and corporate-owned stores around the world with a combined annual system-wide sales of approximately $2.3 billion, per a release announcing the deal.