Unbridled Capital recently provided sell-side advisory services to O Inc., led by Diane and Eric Overcash, on the sale of 9 KFCs in the Southeast. The restaurants were sold to existing franchisee Felker Day, led by Sandra, Eric, and Austin Felker.
“When we decided to sell our multi-generational family business, we were certain that Unbridled Capital was the right choice as our advisor. Because of unforeseen market conditions, it took several years of patience and hard work to get to the closing table. What impressed me the most about Unbridled was their persistence, expertise, and can-do attitude when dealing with various buyers and surprises along the way. They are worth their weight in gold, and Diane and I give them our strongest endorsement,” said franchisee Eric Overcash.
“When I worked for KFC Corporate in the early 2000s, Eric was one of the first franchisees I met through his service on the NCAC board. I was always impressed with Eric’s thoughtfulness and wisdom, and it was an honor to get the call when he and Diane were ready to sell. Unfortunately, this deal came to market just as conditions changed dramatically in 2022, causing us to diligence three separate buyers in succession until getting the deal closed. I am really proud of our team’s relentless effort over two-and-a-half years, and we are thankful to Diane and Eric for hanging in there along the way. To the Felker Day organization, we wish you the best as you expand your organization. Many blessings to both parties!” said Rick Ormsby, Managing Director.
This is Unbridled’s 5th closing in the past 70 days. We have ten active deals, all while maintaining an industry-leading closing percentage of over 90%. For more information, contact Rick Ormsby at 502-252-6422 and [email protected].