Inspire Brands

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"Arby's Restaurant Group" redirects here. For the restaurant, see Arby's.
Inspire Brands, Inc.
TypePrivate
PredecessorsArby's Restaurant Group, Inc.
Dunkin' Brands
FoundedFebruary 5, 2018; 3 years ago (2018-02-05)
FoundersNeal Aronson and Paul J. Brown
Headquarters
Sandy Springs, Georgia
,
United States
Number of locations
32,000 (2019[1])
Areas served
Key people
Paul J. Brown (CEO)
RevenueUS$14.6 billion (2020[5])
Number of employees
Increase 650,000 [6] (2020)
Subsidiaries
Websiteinspirebrands.com

Inspire Brands, Inc. is an American holding company and the owner and franchisor[7] of the Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Rusty Taco, Mister Donut, Dunkin' and Baskin-Robbins restaurant chains. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts.[8] Inspire Brands is majority-owned by affiliates of Roark Capital Group.[9][10]

History[]

Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings on February 5, 2018. Buffalo Wild Wings also owned the Rusty Taco chain.[11][12] Arby's CEO Paul Brown was selected to continue as Inspire Brands CEO.[11] Brown expected that Inspire would acquire additional chains in different segments. He plans to structure the company similar to Hilton Hotels & Resorts.[13] Co-owner The Wendy's Company's stake was reduced from 18.5% to 12.3% due to the infusion of capital from Roark to fund the purchase.[14] In September 2018, Inspire had the 27-location R Taco reverted to the Rusty Taco name.[15]

On August 16, 2018, The Wendy's Company announced that it sold its 12.3% stake in Inspire Brands back to the company for $450 million, which included a 38% premium over the stake's most recent valuation.[9] On August 28, 2018, Georgia Governor Nathan Deal announced that Inspire was moving its headquarters to Sandy Springs, Georgia in 2019.[16]

Inspire Brands on September 25, 2018 announced that it was buying Oklahoma City-based Sonic Drive-In for $2.3 billion.[17] The acquisition was completed on December 7, 2018.[18]

Inspire Brands announced that it was buying Jimmy John's on September 25, 2019.[10][19] The deal closed on October 18.[20]

Inspire Brands on October 25, 2020 announced that it was buying Dunkin' Brands for $11.3 billion. [21][22] The acquisition was completed on December 15, 2020.[23]

Inspire received Franchise Times’ 2019 Dealmaker of the Year award for its acquisitions of Buffalo Wild Wings and Sonic Drive-In.[24]

References[]

  1. ^ "Jimmy John's Sale To Inspire Brands Now Complete". Forbes. October 22, 2019.
  2. ^ "Arby's FAQ". Arby's.
  3. ^ "Choose Country". buffalowildwings.com. Buffalo Wild Wings. Retrieved November 15, 2019.
  4. ^ "Inspire Brands Fact Sheet" (PDF). inspirebrands.com. Inspire Brands. Retrieved November 15, 2019.
  5. ^ "Why Fast Food's Smartest Operator Is Expanding When Business Is Terrible". Forbes. July 27, 2020.
  6. ^ "Inspire Brands". Owler.
  7. ^ Company website
  8. ^ "Contact". Inspire. Retrieved November 5, 2020.
  9. ^ a b "Wendy's sells stake in Arby's owner for $450 million". CNBC. August 16, 2018. Retrieved August 16, 2018.
  10. ^ a b Dyer, Kristian (September 25, 2019). "Arby's owner beefs up portfolio, eating up another fast-food franchise". Fox Business. Retrieved November 15, 2019.
  11. ^ a b Thorn, Bret (February 5, 2018). "Arby's, Buffalo Wild Wings new parent Inspire Brands debuts". Nation's Restaurant News. Retrieved February 7, 2018.
  12. ^ "Arby's closes deal for Buffalo Wild Wings, makes new company". Star Tribune. Associated Press. February 5, 2018. Archived from the original on February 7, 2018. Retrieved February 7, 2018.
  13. ^ Klein, Danny (February 5, 2018). "Arby's CEO: We're Not Done Buying Brands After BWW". QSR magazine. Retrieved February 7, 2018.
  14. ^ Klein, Danny (August 2018). "Wendy's Sells Inspire Brands Stake for $450 Million". QSR Magazine.
  15. ^ Romeo, Peter (September 5, 2018). "Inspire Brands reveals plans for its 3rd brand, now Rusty Taco". Restaurant Business. Retrieved November 28, 2018.
  16. ^ Neighbor Newspapers Staff (August 28, 2018). "Inspire Brands bringing 1,100 jobs, $32 million to Sandy Springs". Northside Neighbor. Marietta Daily Journal. Retrieved November 28, 2018.
  17. ^ Thorn, Bret (September 25, 2018). "Inspire Brands to buy Sonic Corp. for $2.3B". Nation's Restaurant News. Retrieved September 25, 2018.
  18. ^ Ruggless, Ron (December 7, 2018). "Inspire closes on Sonic acquisition". Nation's Restaurant News. Retrieved December 8, 2018.
  19. ^ Lucas, Amelia (September 25, 2019). "Arby's owner Inspire Brands buys Jimmy John's". CNBC. Retrieved September 26, 2019.
  20. ^ Ruggless, Ron (18 October 2019). "Inspire completes purchase of Jimmy John's". Nation's Restaurant News. Retrieved 21 October 2019.
  21. ^ Fontanella-Khan, James; Aliaj, Ortenca; Gray, Alistair; Temple, Patrick (October 25, 2020). "Dunkin' closes in on $9bn sale to Inspire Brands". Financial Times. Retrieved October 26, 2020.
  22. ^ Haddon, Heather (30 October 2020). "Inspire Brands to Acquire Dunkin' Brands Group for $11.3 Billion Including Debt". Wall Street Journal. ISSN 0099-9660. OCLC 781541372. Archived from the original on 31 October 2020. Retrieved 30 October 2020.
  23. ^ "Inspire Brands Completes Acquisition of Dunkin' Brands". www.businesswire.com. December 15, 2020. Retrieved December 15, 2020.
  24. ^ "Art of the deal panel to highlight FFGC". Franchise Times. Retrieved October 12, 2020.

External links[]

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