Announced
Financials
Sources
Tags
Single Bidder
franchise business
United States
Pending
Majority
Domestic
Friendly
Restaurants and Bars
Private
Acquisition
Synopsis
Black Titan Franchise Systems, an affiliate of Nicholas Perkins, agreed to acquire Fuddruckers franchise business operations of Luby's, a parent company that operates restaurants, for $19m. "As a Fuddruckers franchisee, I have a vested interest in ensuring that all Fuddruckers franchisees have the resources, infrastructure, and operational and marketing support they need to maximize their return on investment. This strategic alignment, when combined with the fact that we sell the 'World's Greatest Hamburgers'™, will ensure the long-term success of the brand and our franchisees," Nicholas Perkins, Black Titan Franchise Systems CEO.,
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