Skip to content

Tag: Inspire Brands Sonic acquisition

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.

Sonic Drive-In: Eatery Pulse Streem

Sonic Corp. reports improved sales for its final fiscal 2018 quarter

Sonic Corp. announced its financial results for the fourth fiscal quarter of 2018 (Q4). Sonic agreed to a merger agreement in which it will be acquired by Inspire Brands, a wholly-owned subsidiary of Roark Capital as of September 2018. Comparable sales across the system of Sonic drive-ins increased... or its fiscal 2018 year, Sonic reported that comparable sales have decreased 0.3 percent, comprising a 0.3-percent decline at franchised drive-ins and a 0.8-percent decrease at company-owned stores.

Inspire Brands Acquisition of Sonic: Eatery Pulse Streem

Roark Capital-controlled Inspire Brands to acquire Sonic Corporation for $2.3B

The ink was still drying on the acquisition of Jamba Juice by Focus Brands, a wholly-owned Roark Capital subsidiary, when Inspire Brands, another Roark subsidiary, announced its agreement to acquire Sonic in a transaction valued at $2.3B. Inspire Brands is the parent of restaurant chains Arby’s, Buffalo Wild Wings and Rusty “R” Taco.