Buffalo Wild Wings, Inc. has announced its intent to acquire 15 franchised units located in Ohio and South Carolina from a franchisee group.
The Company expects the acquisition, if completed, to close before the end of this year. These restaurants are currently operated by franchisees David Fisher, Eric Lundgren, John Slaughenhaupt, and Brad Haber. Buffalo Wild Wings, Inc. anticipates funding the purchase price with available cash.
Sally Smith, President and Chief Executive Officer, commented, “David, Eric, John, and Brad have done a wonderful job growing the Buffalo Wild Wings brand in the Dayton area, as well as introducing Buffalo Wild Wings in Columbia, South Carolina. The strong performance of this group of restaurants presented a very attractive acquisition opportunity for us and we look forward to welcoming them into our company-owned operations.”
David Fisher added, “We are deeply appreciative to have had the opportunity to develop the Buffalo Wild Wings brand and to have been a part of such a strong organization. It is bittersweet to leave the system as we pursue new challenges, but we leave with very positive relationships with the company and are pleased that our restaurant team members will now be part of a national organization with its resources and career opportunities.”
