Franchisee Association of Buffalo Wild Wings Supports Arby’s Restaurant Group Acquisition
December 04 2017 - 11:54AM
Franchise Business Services (FBS), the association representing
Buffalo Wild Wings® (NASDAQ:BWLD) franchisees, announced today its
endorsement of Arby’s Restaurant Group’s purchase of Buffalo Wild
Wings. Arby’s Restaurant Group Inc. agreed to buy Buffalo Wild
Wings Inc. for $157 per share, and the merger is expected to close
in the first quarter of next year. Arby’s CEO Paul Brown will be
the CEO of the parent company to both restaurant chains.
“Buffalo Wild Wings is a major player in the casual dining
sector, leading the segment in many performance indicators,” said
Wray Hutchinson, Chairman of the FBS Board of Directors and an
owner of 65 Buffalo Wild Wings franchises himself. “We’ve been
aware of Brown’s hands-on leadership style for some time, and we’re
looking forward to continuing to move the brand forward under his
leadership.”
FBS franchisee-owned locations, accounting for half of the
Buffalo Wild Wings restaurants in the United States, are excited to
extend their support to the new leadership following a year in
which the FBS Board worked closely with management during a year of
transition. Buffalo Wild Wings will continue to operate as an
independent brand.
“This transaction demonstrates Buffalo Wild Wings’ strong stance
in the casual-dining arena,” said Mark Jones, FBS Vice Chairman.
“FBS is proud to join an already highly recognized restaurant
company, and more than anything, our franchisees are optimistic
about the opportunities available within the multi-brand restaurant
company.”
“The casual-dining industry is evolving,” said Hutchinson.
“Franchisees across the country are committed to ensuring consumers
continue to receive the same distinctive quality they’ve come to
expect from Buffalo Wild Wings, and this deal will only strengthen
that commitment.”
ABOUT FRANCHISE BUSINESS SERVICESFormed more
than 15 years ago, the Metro Atlanta-based Franchise Business
Services (FBS) is an organization that serves its franchisee
community of Buffalo Wild Wings® by focusing on
providing education and
training, advocacy and member services.
The vision of FBS is to foster a spirit of mutual cooperation
and teamwork among its board, members and Buffalo Wild Wings
corporate, consistent with the protection and preservation of the
rights of independent franchisees to control their destiny and
thereby ensure their survival and future economic success.
To learn more about FBS, visit www.myfbsonline.org. For media
inquiries please contact Christy Williams, FBS Executive Director,
at 678-797-5160 or christyw@myfbsonline.org or Sarah Weston, The
Wilbert Group Vice President, at 334.415.9795 or
SWeston@TheWilbertGroup.com.
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