Unbridled Capital recently provided sell-side advisory to William F. Alford Co. on the sale of its 14 KFC restaurants in the Southwest Michigan area. Rich Alford and Ashley Courtland were third-generation franchisees, and the Alford family spent over 50 years successfully operating from Niles, Michigan. The restaurants were sold to KBP Foods.
“For over 50 years, the Alford family has been one of the most tenured and respected franchisees in the KFC system. We are honored that they entrusted Unbridled Capital to handle the sale of their life’s work. This transaction represents a growing trend: that KFC franchisees are now realizing the complexity of today’s M&A transactions and are increasingly in need of the unique and sophisticated guidance that Unbridled offers. We wish many blessings to Rich and Ashley and congratulate KBP Foods on the acquisition,” said Rick Ormsby, Managing Director.
As a condition of this closing, Unbridled Capital will make a charitable contribution to the KFC Foundation. We want to give back to the employees that are so important to the success of the KFC brand. We want to be a blessing because we’ve been blessed.
With about $200,000,000 in recent KFC 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].