Buffalo Wild Wings Acquires 15 Franchised Locations
Buffalo Wild Wings, Inc. today announced its intent to acquire 15 franchised units located in Ohio and South Carolina from a franchisee group.
The Company expects the acquisition, if completed, to close before the end of this year. These restaurants are currently operated by franchisees David Fisher, Eric Lundgren, John Slaughenhaupt, and Brad Haber.
Buffalo Wild Wings, Inc. anticipates funding the purchase price with available cash.
"David, Eric, John, and Brad have done a wonderful job growing the Buffalo Wild Wings brand in the Dayton area, as well as introducing Buffalo Wild Wings in Columbia, South Carolina," says
Sally Smith, President and Chief Executive Officer.
"The strong performance of this group of restaurants presented a very attractive acquisition opportunity for us and we look forward to welcoming them into our company-owned operations."
"We are deeply appreciative to have had the opportunity to develop the Buffalo Wild Wings brand and to have been a part of such a strong organization," David Fisher adds.
"It is bittersweet to leave the system as we pursue new challenges, but we leave with very positive relationships with the company and are pleased that our restaurant team members will now be part of a national organization with its resources and career opportunities."
Buffalo Wild Wings, Inc., founded in 1982 and headquartered in Minneapolis, Minnesota, is a growing owner, operator and franchisor of Buffalo Wild Wings Grill & Bar restaurants featuring a variety of boldly-flavored, made-to-order menu items including its namesake Buffalo, New York-style chicken wings.