FAT Brands to acquire Fazoli’s from Sentinel Capital Partners for $130m.

FAT Brands, a fast food franchising company, agreed to acquire Fazoli’s, a fast casual restaurant chain, from Sentinel Capital Partners, an investment firm, for $130m. “Fazoli’s has a great growth story, in particular, over the last year. They continue to surpass sales expectations across the board. We have been eyeing this category for some time; however, we were waiting for the right brand – one that is high-growth, with almost all restaurants having drive-thru access, in addition to, the synergies that we will achieve adding Fazoli’s to our portfolio of brands. We look forward to building off of the success of Sentinel Capital Partners,” Andy Wiederhorn, FAT Brands CEO.