Unbridled Provides Sell-Side Advisory to 12 Sonics in Florida

08.20.2021

Unbridled Capital recently provided sell-side advisory to SDI Florida, led by Rick Ganson and Scott Condon, on the sale of 12 Sonic Drive-In restaurants in Jacksonville, Florida. The restaurants were sold to the current Sonic franchisee Quality Restaurant Group (QRG), led by CEO Matt Slaine.  QRG is a portfolio company of GenRock Capital Management, run by Matt Ailey.

“We’ve known Tony Petrunin at Unbridled for a few years. The Unbridled team always stood out to us as the go-to advisors in Sonic given the prominent transactions they have led in the brand and their track record of success. Tony and Rick worked diligently in our marketing process and beyond to achieve the best possible exit for our team and stakeholders. We can confidently say that Unbridled is best-in-class. They delivered on all commitments and worked tirelessly to achieve the best possible outcome for our group. We highly recommend any seller in the Sonic system look no further than Unbridled as their advisor in any transaction.”, said the SDI Florida team.

“Thank you so much to the SDI Florida team for their belief in Unbridled and support of our process. This process is tried and true, and it produces world-class results. We continue to be very thankful to the myriads of the Sonic franchisees who choose Unbridled as their sell-side advisor. We love Sonic, and the brand has been on an incredible hot streak. We are excited for the positive long-term trajectory of both the brand and its franchisees. To Mike, Andy, Rick, and Scott – congratulations on the outcome and best wishes in this next phase of your lives. For Matt, Matt and QRG, it has been an honor to work with you alongside many deals, and we are excited for your continued Sonic growth in the sunny and fast-growing Florida market,” said Rick Ormsby, Managing Director.

Unbridled continues to see a record-setting franchise M&A market unfolding in 2021. We are currently engaged in 25 sell-side assignments and continue to maintain a fantastic closing percentage of over 90%. For more information, please contact Rick Ormsby at 502-252-6422, [email protected], or Tony Petrunin at 502-771-2033, [email protected].