Fortress-backed SPB Hospitality completed the merger with Krystal Restaurants.

Fortress-backed SPB Hospitality, a full-service dining restaurants operator, completed the merger with Krystal Restaurants, a fast food restaurant chain. Financial terms were not disclosed. “We continue to have enormous confidence in SPB Hospitality and the work the team is doing to build the most successful restaurant group in the industry. Krystal’s time-honored brand, and dynamic team, are significant additions to the SPB portfolio and a major step forward in achieving SPB’s vision,” Morgan McClure, SPB Hospitality President.