San Francisco-based private equity firm Friedman Fleischer & Lowe have completed its deal to buy Atlanta-based Church’s Chicken from Bahrain-based Arcapita Bank. Financial terms were not disclosed.
“Now that the transaction is official, the Church’s management team welcomes the opportunity to work closely with the team at FFL to explore new opportunities for the brand,” said Harsha V. Agadi, president and CEO of Church’s Chicken. “We look forward to further mapping out our long-term growth plans both internationally and domestically with this highly capable and experienced investor team,” Agadi added.
With over 1,650 locations in 22 countries worldwide and nearly $1.2 bln in annual system sales, Church’s serves traditional home-style fried chicken and other chicken products in a quick-service format.