Carrols Restaurant Group, Inc.: Carrols deal to acquire 166 Burger Kings & 55 Popeyes is credit positive, enters 2nd brand & provides growth opportunity
Carrols Restaurant Group’s agreement to acquire 221 restaurants and expand into a second brand, Popeyes, is a credit positive.Carrols Restaurant Group is a holding company. Through its subsidiaries, the company is engaged as a Burger King? franchisee. The company owns and operates Burger King restaurants located in Northeastern, Midwestern and Southeastern states. Burger King restaurants feature the flame-broiled Whopper? sandwich, as well as a variety of hamburgers, chicken and other specialty sandwiches, french fries, salads, breakfast items, snacks, soft drinks and other offerings.
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