Meritage Hospitality Group to acquire the 43 restaurants of Wendy’s.

Meritage Hospitality Group, a premier restaurant operator, agreed to acquire the 43 restaurants of Wendy's, a burger quick-service restaurant. Financial terms were not disclosed. "We are very excited by this acquisition opportunity and remain on pace for a record number of new Wendy's location openings in 2022 and 2023. Acquisitions, renovations, and new restaurant development are integral parts of our Wendy's restaurant business model as we grow into new market areas. The Company has successfully completed 27 Wendy's acquisitions over the past decade and remains a leader in new restaurant development within Wendy's system. This year the Company was recognized by the Wendy's brand with the 'US Monument Award for Visionary Growth & Expansion,'" Robert Schermer, Jr., Meritage CEO.