LOS ANGELES — Tasty Chick’n, an affiliate of Triton Pacific Capital Partners, announced the acquisition of a 64-unit KFC portfolio in Central and Southeastern United States.
“This acquisition is a transformative addition to the existing Tasty Chick’n business, providing an opportunity to leverage the strong operations and historical performance of the acquired restaurants,” said Craig Faggen, chief executive officer of Triton Pacific. “With a historical track record of strong cash flow and above brand average unit volumes, we are confident in the growth prospects alongside our current portfolio.”
The acquisition is a strategic add-on investment for Tasty Chick’n in both core and adjacent markets of Central and Southern United States. The investment presents significant growth potential for the company, including new unit development opportunities.
Triton Pacific’s affiliated restaurant management company, Tasty Restaurant Group, manages a diverse portfolio of over 470 quick-service restaurants, including top brands like Pizza Hut, Burger King, Dunkin’, Baskin-Robbins, Taco Bell and KFC.