Unbridled Capital recently provided sell-side advisory services to the Hertzman family and its related entities on the sale of 30 Rally's restaurants in Kentucky and Indiana. The restaurants were sold to multi-brand franchisee Falcons Burger, LLC, led by Shamsu Charania.
“As a fellow Louisvillian, I had known of Rick and his expertise for many years through the Papa John’s and Long John Silver’s brands. We were the largest Rally’s franchisee, and when it came time to sell, we knew we needed access to a strong network of buyers plus the specific experience of a franchise M&A specialist. Unbridled did a great job for us. They worked tirelessly to find the best buyer, and they helped immensely to keep the deal moving forward during due diligence and continued negotiations, while under significant pressure to get this deal done by year end. Unbridled gets top marks!,” said franchisee Joe Hertzman.
“The Hertzman family has a wonderful legacy spanning two generations, starting as one of the original franchisees of Long John Silver’s in 1969. We were honored to take the assignment to sell their Rally’s business – personally, I have eaten at many of their locations, dating back to when I was a teenager. As the largest Rally’s franchise, this business offered significant scale and EBITDA for a platform investment. We are happy that Shamsu presented himself as the best buyer, and we wish his organization the very best of success in the Rally’s brand going forward. Congrats to all parties on closing by year-end,” said Rick Ormsby, Managing Director.
Despite meteoric growth, Unbridled Capital continues to maintain an industry-leading closing percentage of over 90%. For more information, please contact Rick Ormsby at 502-252-6422 and [email protected].