Restaurant Franchisor Acquired by Tucker’s Farm | Consumer M&A Deal

Tucker’s Farm has acquired a Restaurant Franchisor business in State, for $80 million. The target is a 30-year-old restaurant franchise operator with 24 locations and about $80 million in system sales, supporting franchisees through brand standards and ongoing franchise services. Tucker’s Farm acquisitions in the restaurant franchise acquisition market aim to expand its consumer footprint and add a mature franchising platform in the restaurant franchise sector. The strategic acquisition is categorized as a platform acquisition and is announced, with deal size under $10 million and an expected close subject to customary conditions.