Greene Holcomb Fisher Advises in QK Recapitalization
Greene Holcomb Fisher is pleased to announce the successful recapitalization of QK Inc. by Cave Creek Capital, Stewart Capital, and Seacoast Capital. With 79 Denny's and six Del Taco restaurants located across the Western United States, QK is the largest Denny's franchisee worldwide. This transaction provides QK with significant growth capital to execute an aggressive acquisition and new build strategy to strengthen the company's leadership position in the family dining category. GHF served as the exclusive financial advisor to QK in the transaction. Terms of the deal were not disclosed.
Matt Greeson, managing director at GHF, says, "We are honored to have been able to facilitate the transition of QK to the next stage in the company's evolution. Founded by two entrepreneurs with a single location in 1990, QK has grown to 85 restaurants employing 2,500 people across six states, and is the largest franchisee in the Denny's system."
"Our entire team is excited to partner with our new investors as we embark on an exciting phase of organic and acquisition-driven growth. GHF did an outstanding job of positioning the QK opportunity and brought the right partners to the table,” says Doug Koch, CEO of QK. “GHF remained involved from the pitch to the close and coordinated the efforts of our entire team."
Seacoast Capital partner Jeff Holland, says, "Doug and his team have built an outstanding company over the past 23 years, and we are excited to partner with QK on the next phase of growth." Kevin Fechtmeyer, managing partner of Cave Creek Capital, adds, "We believe QK is in a unique position to build its footprint within its current markets and beyond. We are excited to provide both capital and strategic guidance to Doug and his team, as they continue to build on the company's leadership position in the family dining category."