Combo Deal: Arby's Buys Buffalo Wild Wings

Buffalo Wild Wings is being sold to Arby's, but will remain an independent brand. Buffalo Wild Wings is being sold to Arby's, but will remain an independent brand. |  Photo: WDIO-TV file

November 28, 2017 10:44 AM

Arby's Restaurant Group is buying Minneapolis-based Buffalo Wild Wings in a deal valued at about $2.9 billion.

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Buffalo Wild Wings, founded in 1982, will continue to be operated as an independent brand after the transaction closes. Buffalo Wild Wings has more than 1,250 locations in ten countries, while Arby's has more than 3,300 locations in seven countries.

"We are excited about this merger and confident Arby’s represents an excellent partner for Buffalo Wild Wings," said Sally Smith, CEO of Buffalo Wild Wings, in a news release. "This transaction provides compelling value to our shareholders and is a testament to the hard work and efforts of our talented Team Members and franchisees. We are confident that the strength of our two industry-leading brands, under the sponsorship of Roark Capital – an experienced restaurant and food service investor – will enable us to capitalize on significant growth opportunities in the years ahead."

Buffalo Wild Wings will be operated as a subsidiary of Atlanta-based Arby's. Current Arby's CEO Paul Brown will remain as the leader of the parent company.

"Buffalo Wild Wings is one of the most distinctive and successful entertainment and casual dining restaurant companies in America," Brown said. "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."

The merger has already been approved by both companies' boards of directors, but still needs approval from Buffalo Wild Wings shareholders. It is expected to close in early 2018.


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