A recently remodeled Pizza Hut location Pizza Hut
Pandemic weeded out rival bidders
Flynn has been an Applebee s franchise since 1999. But in 2011, he began scouting top tier quick-service chains in different markets.
When you slice and dice it that way, Flynn said that left him very few brands to go after.
In 2012, he added Taco Bell, followed by Panera Bread in 2014 and Arby s in 2018.
The Arby s transaction, which involved the purchase of 368 restaurants from US Beef, was the largest franchise transaction ever, Flynn said. That is, before the NPC deal.
The deal laid the groundwork for his most ambitious purchase to date. Scale, he said, is crucial to his game plan.
Checkers Drive-In Restaurants Inc., the parent company of Checkers & Rally s drive-thru restaurants, said it has received a $20 million capital injection from its owner and private equity firm, Oak Hill Capital Partners IV. The money will fund an aggressive…