Unbridled Capital Sells 24 KFCs in OH, KY

12.17.2018

Unbridled Capital recently provided sell-side advisory to the Bagshaw family on the sale of 24 KFC and multi-brand restaurants in Ohio and Northern Kentucky. The restaurants were sold to KBP Foods.

In 1971, Bob and Anne Bagshaw started in the KFC business with then partner, Marvin Payne, in Jackson, Ohio. In May of 1972, the Bagshaw’s opened the Hillsboro, Ohio KFC and Payne kept the Jackson KFC. Over the years, the Team Bagshaw organization grew to become one of the most successful and well-known franchisees in the KFC system. Many franchisees will readily say that the Bagshaw family has had an enormous impact on their careers and livelihoods.

Second generation franchisees Jeanine Bagshaw and brother Bruce Bagshaw were 29-year franchisees. Like many, they grew up working in KFC restaurants and supporting the family business. Returning from college, they shared in growing Team Bagshaw from nine to the current twenty-four restaurants. Starting with Bob and Anne, the family was active and served in leadership positions in the Great Lakes and Southeast Regional franchise associations, a theme that continued through the third generation with Rob Holt, Jordan Anne Phillips and Blake Bagshaw.

“The decision to transition was a tough one, mainly due to the wonderful people we know and respect in the KFC Family. However, it was the right time for our family,” shares Jeanine. “Once we knew our direction, Rick and Derek were there to assist and made the transaction as seamless as possible. We appreciate their expertise and guidance, and highly recommend Unbridled Capital.”

“This assignment was a very, very special one for us. For years, I have had a profound respect and appreciation for Team Bagshaw. From their best-in-class restaurants, to their integrity, to their longevity, and to their love for the KFC brand, they are a model for what every franchisee should be. It has been an extreme honor to represent Jeanine, Bruce and the entire Team Bagshaw family. We are very thankful to have been a part of their story, and we wish them the best in the next phase of their lives,” said Rick Ormsby, Managing Director.

As a condition of this and one other closing, Unbridled Capital has made a charitable contribution of $20,000 to the KFC Foundation. Especially during the Christmas season, we want to give back to the employees who are so important to the success of the KFC brand. We want to be a blessing because we’ve been blessed.

With 10 active and 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 rick@unbridledcapital.com.