Unbridled Provides Sell-Side Advisory to 7 Taco Bells in Ohio


Unbridled Capital recently provided sell-side advisory to TONN’S, Inc. on the sale of 7 Taco Bell restaurants in Wisconsin. The restaurants were sold to existing franchisee ALBOR Restaurant Group, LLC led by Rob Alvarado and Neil Borkan. This acquisition will nicely complement ALBOR’s presence in Wisconsin. Brothers Greg and Perry Tonn will be exiting the Taco Bell system as second-generation franchisees after many years of operating the Tonn family business.

“Given the potential for next year’s tax policy changes, we required a quick sales process without compromising on the purchase price or buyer quality. With these parameters as our north-star, we knew Unbridled could deliver on our expectations with integrity and excellence. We could not be happier with the results Rick Ormsby and his team delivered – a big thank you to them! I would highly recommend Unbridled Capital to any of my franchise peers seeking M&A advisors who achieve best-in-class results with speed, accuracy, and trust,” said Perry Tonn, Franchisee of TONN’S, Inc.

“I have known the Tonn family for many years. They built a great legacy in Wisconsin with phenomenal performance. We knew the job at hand; the sellers wanted a quick close paired with a terrific and uncompromising offer. We achieved both through a competitive and targeted process. We were also able to help Greg and Perry navigate through due diligence headwinds while never adjusting on our initial targeted closing date. We send best wishes to the Tonn family as they enter the next chapter of their lives. We also congratulate ALBOR – and Rob and Neil - on another acquisition within the Taco Bell system. We could not be more pleased with the outcome and feel honored to have partnered with these two excellent organizations,” said Rick Ormsby, Managing Director.

As a condition of this closing and token of our appreciation, Unbridled Capital will make a charitable contribution to the Taco Bell Foundation, which assists employees in obtaining education, navigating crisis situations, and managing their personal finances. We want to be a blessing because we have been blessed.

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]