Arby's closes deal for Buffalo Wild Wings, makes new company

By  | 

NEW YORK (AP) (2/5/2018) - Arby's has completed its deal to buy Buffalo Wild Wings and created a new company named Inspire Brands that will run the chains.

Inspire Brands will oversee Arby's, Buffalo Wild Wings and a small chain with about 30 locations called R Taco. Arby's, known for its meaty sandwiches, has more than 3,400 restaurants; Buffalo Wild Wings has 1,200.

Arby's had announced in November that it would pay $2.4 billion for Buffalo Wild Wings in a deal that would take the chicken wing chain private. When debt is included, the companies value the deal at $2.9 billion.

The buyout completed Monday is the latest that takes fast-casual restaurants private. Sit-down chain Ruby Tuesday, for example, was bought by private equity firm NRD Capital last year.

(Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

2/5/2018 11:46:55 AM (GMT -5:00)

Comments are posted from viewers like you and do not always reflect the views of this station. powered by Disqus