Inspire Brands finalizes deal to acquire Sonic, adds $12B QSR chain to Roark Capital portolio
Sonic is now part of the Roark Capital portfolio of restaurant companies with Inspire Brands finalizing its acquisition of the $2.3B deal for the quick-service drive-in chain. Inspire Brands is led by Paul Brown and Sonic will be led by Claudia San Pedro, serving as Sonic president, announced post-acquisition agreement. Cliff Hudson will be a senior advisor to Sonic until next March for transition purchases. Inspire Brands comprises a portfolio of top quick-service and casual-dining chains, including Arby’s, Buffalo Wild Wings and Rusty Taco, with over 8,300 combined restaurant locations.
“Sonic and its franchisees have created one of the most successful and distinctive brands in the restaurant industry,” said Paul Brown, Inspire Brands CEO. “We look forward to helping further drive innovation and long-term growth at Sonic and across our growing family of brands.”
Photo credit: Inspire Brands