Unbridled Capital recently provided sell-side advisory services to a Sonic franchisee in the sale of 55+ Sonic Drive-In restaurants in Louisiana. The restaurants were sold to existing franchisee Guernsey Holdings, led by Mike James.
“We are honored to have been a meaningful part of this sale process for this Sonic franchisee. This was a substantial business with impressive AUVs, great locations, and strong operations. For Unbridled, we thrive in circumstances where we represent successful first-generation franchisees. In many ways, we are cut from the same mold with the same DNA. Thank you to this client for his trust in Unbridled and leadership within the Sonic system for so many years. For the Guernsey Holdings team, we also send a big congratulations! We look forward to seeing big achievements in their future,” said Rick Ormsby, Managing Director.
At Unbridled, we love the USA and support our warriors. As a condition of this closing, Unbridled will give a charitable contribution to The Blue Angels Foundation, honoring our nation’s heroes. Its mission is to support wounded veterans through transitional housing, counseling, PTSD resolution, permanent housing, life skills, transportation, and employment. We want to be a blessing because we have been blessed.
With a half-dozen new assignments in the past few weeks, 2022 could be a continuation of the recent and historic M&A activity in the franchise sector. Continue to stay tuned for more assignments in the coming months.
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].