The San Diego-based restaurant investment firm, owner of Quiznos and Taco Del Mar, announced Monday it was buying Church’s Chicken.
High Bluff Capital Partners, backed by investment funds managed by FS Investments, announced that it has entered into a definitive agreement to acquire the Atlanta-based fast food chain with 1,500 restaurants in 26 countries.
âAt a time when the entire restaurant industry has faced unprecedented challenges, Church’s has stood out as a notable bright spot, having emerged from the pandemic with considerable favorable winds that strongly position the brand. for tremendous growth both geographically and in the overall chicken category, âsaid High Bluff founder Anand Gowda.
Church’s, founded in 1952 in San Antonio, has sales of nearly $ 1.2 billion and plans to open 100 new restaurants in the coming year.
âThe last few years have been spent growing the brand and its franchisees,â said Joe Christina, General Manager of Church’s. âOur goal will be to meet our strategic plan with new locations in the US and internationally and continued profitable sales growth. “
High Bluff will run the chain through its restaurant group REGO. The purchase price was not disclosed.