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Category: Restaurant News

Applebee's Riblets Chicken Shrimp LTO is added
Inspire Brands Closes on Sonic Acquisition

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.