FAT (Fresh. Authentic. Tasty.) Brands Inc. has announced the completion of its pending acquisition of Native Grill & Wings for $20 million from Wingtime, LLC, a subsidiary of Cybeck Capital Partners, LLC. The acquisition is expected to further increase FAT Brands’ growing market share in the chicken wing category.
With the acquisition of Native Grill & Wings, FAT Brands will have more than 2,300 franchised and corporate-owned stores around the world with a combined annual system-wide sales of approximately $2.2 billion. The Native Grill & Wings transaction follows three other acquisitions this year: Fazoli’s, Twin Peaks and Global Franchise Group.