KBP Brands acquires 78 SONIC Drive-In venues in US

US-based edifice franchise radical KBP Brands has purchased 78 SONIC Drive-In restaurants crossed Kentucky, North Carolina, Ohio, Tennessee and Virginia, further scaling its beingness successful the quick-service sector.

The woody increases KBP’s Sonic holdings to 164 outlets successful 8 states and represents the company’s 2nd acquisition of Sonic sites successful nether 2 years.

The latest transaction elevates KBP to the fourth-largest franchisee successful the Sonic system.

The recently acquired restaurants were antecedently corporate-owned and tally straight by Sonic, which is portion of the Inspire Brands group.

KBP has an established narration with Inspire Brands, having added Arby’s to its portfolio successful 2021.

KBP Brands CEO Mike Kulp said: “We've had a palmy five-year concern with Inspire Brands and person seen beardown results from our archetypal Sonic purchase.

“We look guardant to expanding that with a larger footprint and further operational efficiencies."

Reporting yearly income of $1.5bn, KBP has expanded steadily implicit the past 20 years. The company’s US operations present encompass much than 1,100 franchised restaurants nether the KFC, Taco Bell, Arby’s and Sonic banners successful 32 states.

Sonic has implicit 3,400 restaurants crossed 47 states successful the US.

The woody adds astir 1,600 employees to KBP’s workforce. Executive vice-president Mark Everett volition stay successful complaint of KBP’s drive-in operations, moving alongside main operating serviceman Matt Hansen.

Sonic marque president John Kelly said: “Our narration with KBP Brands continues to turn owed to their operational excellence and our shared committedness to impermanent restitution and a civilization that champions innovation.

“KBP's enlargement with Sonic demonstrates their dedication to our imaginativeness and the brand's semipermanent growth.”

"KBP Brands acquires 78 SONIC Drive-In venues successful US" was primitively created and published by Verdict Food Service, a GlobalData owned brand.

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