INVESTMENT FUND BUYS A 73-UNIT TACO BELL FRANCHISEE
"Bessemer Investment Partners, a New York-based equity firm, this week announced that it has acquired 73 Taco Bell locations in the Houston area from the owners of KorMex Foods.
Terms of the deal were not disclosed. Bessemer acquired the locations through a newly formed subsidiary, Mas Restaurant Group, or MRG.
The deal, which includes two units co-branded with KFC and six co-branded with Pizza Hut Express locations, will provide the company with capital to add new units and make acquisitions.
The original KorMex management team, including CEO Chad Motsinger and CFO Ben Walsh, will retain a minority stake in the company."
Read the full article by Jonathan Maze here.
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