Not content to have an ownership stake in the country’s default go to for a roast beef sandwich, Roark Capital has just purchased one of the nation’s top places to watch sports and eat wings. Buffalo Wild Wings. Roark Capital, which already owns Arby’s, Jimmy John’s and Cinnabon, has purchased Buffalo Wild Wings in a bit of a shakeup in the restaurant industry.
For starters, the impact on the Buffalo Wild Wings stock took a quick bump Tuesday morning.
We have the meats. More meats! Arby's buying Buffalo Wild Wings for $2.9 billion, including debt. $157 a share. $BWLD up 6% #premarket.
— Paul R. La Monica (@LaMonicaBuzz) November 28, 2017
Arby's and Buffalo Wild Wings are merging? Apparently Arby's has the meats and chicken wings now.
— Brad Loncar (@bradloncar) November 28, 2017
Roark Capital, owner of Cinnabon, Jimmy John’s & Arby’s has just purchased Buffalo Wild Wings for $2.9 billion.
— Darren Rovell (@darrenrovell) November 28, 2017
“Buffalo Wild Wings is one of the most distinctive and successful entertainment and casual dining restaurant companies in America,” Arby’s CEO Paul Brown said in a statement, per USA Today. “We are excited to welcome a brand with such a rich heritage, led by an exceptionally talented team. We look forward to leveraging the combined strengths of both organizations into a truly differentiated and transformative multi-brand restaurant company.”
There are more than 1,250 Buffalo Wild Wings locations across 10 countries. Combined with the more than 3,300 Arby’s locations in seven countries, as well as the Jimmy John’s and Cinnabon locations, Roark Capital properties are just about everywhere you look when you have an appetite to satisfy.
This new acquisition by Arby’s leaves the door open for some interesting possibilities. Buffalo Wild Wings already has a good amount of sauces to choose from for their wings, but could we now see a crossover with some Arby’s sauces now available for those wings? These are the important facts of this acquisition that must be addressed promptly.
I'm fine with @Arbys buying @BWWings as long as I can get Arby's Sauce at B-Dubs.
— Uncle Mike (@mikesparkman) November 28, 2017
https://twitter.com/OgieFresh/status/935510830732529664
If that is the biggest reason Roark Capital added Buffalo Wild Wings to the portfolio, then it was worth every penny.
