Unbridled Capital recently provided sell-side advisory to Brad Chasteen, Michael Silverman, Guy Campbell and Rob Atkisson on the sale of their 67 Moe’s Southwest Grill restaurants in FL, SC, VA, DC and MD. The restaurants were sold to Quality Fresca, a new division of Quality Restaurant Group, which now becomes the largest franchisee in the Moe’s system.
“When we came together to sell our businesses, we knew we needed an advisor with specialized expertise and a vast network of family-office and private equity buyers. Unbridled’s relationships, transparency, attention to detail and reputation for closing deals made them the ideal advisor for us. With four different sellers, this was not a simple transaction. Unbridled was deeply invested in our success, quickly prepared to solve any problems that arose. We are thankful for their guidance through this process and recommend them unequivocally,” said franchisee Brad Chasteen.
“This transaction was truly unique. In all my years doing M&A work, I have never been part of a sale where 4 franchisee businesses were sold simultaneously to 1 buyer. This process took expertise, patience and endurance, and I thank Derek Ball at Unbridled for being a steady hand along the way. I am really proud of the outcome for all constituents – A. several smaller Moe’s franchisees, who achieved a valuation significantly higher than ever imagined if selling alone, B. Quality Fresca, which got a fantastic platform business that enables future Moe’s growth across many territories and C. Moe’s Corporate, who inherits a well-capitalized consolidator with the scale to help propel the brand to bigger things. We wish Brad, Michael, Guy and Rob the very best as they move-on to the next stages of their lives, and we send a big congratulations to Quality Fresca on completing this transaction with such professionalism and persistence,” said Rick Ormsby, Managing Director.
As a condition of this closing, Unbridled will make a charitable contribution to the No Kid Hungry Program, a national partner with Moe’s whose charitable mission is simply to end childhood hunger in America. We want to give back to the causes that are important to the Moe’s brand and its franchisees. We want to be a blessing because we’ve been blessed.
Unbridled has recently completed dozens of successful sell-side M&A transactions totaling over 1,000 restaurants with a closing rate of 95%. With over $1,000,000,000 in closed and current M&A assignments, Unbridled Capital provides the franchise community with unrivaled investment banking services. For more information, please contact Rick Ormsby at 502-252-6422 or [email protected].