FAT Brands Completes Acquisition of Hurricane Grill and Wings
Rapidly Growing West Coast Franchisor Adds Flavorful Grill and Wings Franchise to its Portfolio of Brands
FAT (Fresh. Authentic. Tasty.) Brands Inc. (“FAT Brands” or the “Company”) announced that it has successfully completed the previously announced acquisition of Hurricane Grill & Wings (“Hurricane”) for $12.5 million, which was funded through a combination of $8.0 million of cash and $4.5 million of preferred stock. With the acquisition of Hurricane, FAT Brands now franchises more than 325 restaurants around the world with annual system-wide sales exceeding $350 million.
Founded in 1995, Hurricane Grill & Wings offers jumbo, fresh wings paired with over 35 signature sauces, rubs, and glazes with a diverse menu featuring flavorful fan-favorites including fries, tacos and burgers. Hurricane franchises more than 50...
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