U.S. ARC Group Agrees to acquire Fat Patty’s franchise for $12.3 mln

08/29/2018 6:06:00 AM (GMT)

ARC Group, a U.S.-based restaurant chain, has agreed to acquire peer Fat Patty’s franchise.

Under the terms of the agreement, ARC Group will acquire all of the assets of Fat Patty’s for a purchase price of $12.3 million.

As a result of this acquisition, ARC Group expects to combine annualized revenue run rate will be in excess of $15 million, and with its planned Tilted Kilt acquisition, the company will approach nearly $30 million.

The transaction is expected to close on August 31, 2018.

ARC Group

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