Fort Smith, AR (Restaurant News Release) K-MAC Holdings Corp., headquartered in Fort Smith, AR, has acquired 21 Taco Bell restaurants from Ricksim, Inc., a franchisee that operates Taco Bell restaurants in the Oklahoma City market.
K-MAC is one of the largest Taco Bell franchisees in the U.S. and also operates KFC and Golden Corral restaurants. It currently operates 281 restaurants across the three different brands.
K-MAC is led by President and CEO Sam Fiori and COO Tina Reagan. Commenting on the acquisition, CEO Fiori said, “We share similar values as Rick Sikora’s organization, including providing a high level of service to customers through a great team.” Reagan, COO, also commented, “This acquisition brings K-MAC’s restaurant count to 56 across the state of Oklahoma, and it will allow us to pursue additional new unit development opportunities in the market.”
K-MAC is owned by Brentwood Associates, a consumer-focused Los Angeles-based private equity investment firm, which made its initial investment in K-MAC in March 2011. “We are privileged to be able to continue to support the growth of a great company in K-MAC and a fantastic brand in Taco Bell,” said Rahul Aggarwal, managing director at Brentwood Associates.
Ricksim was advised by MarshallMorgan, LLC.
About K-MAC Holdings Corp.
K-MAC Holdings Corp. is a leading quick-service restaurant franchisee founded in 1964 and headquartered in Fort Smith, Arkansas. Over K-MAC’s 50 year history, it has grown to become one of the largest franchisee restaurant businesses in the country. It currently operates 275 YUM! branded restaurants in the Taco Bell and KFC systems, and 6 Golden Corral restaurants. The company has a regional concentration in the South Central region of the U.S., with restaurants located in Arkansas, Indiana, Illinois, Kentucky, Missouri, Mississippi, Oklahoma, Tennessee and Texas.
About Brentwood Associates
Brentwood Associates is a consumer-focused private equity investment firm with over $850 million of capital under management and a thirty-year history of investing in leading middle-market growth companies. Brentwood focuses on investments in growing businesses where it is able to leverage its extensive experience in areas such as: branded consumer products; consumer services; direct marketing, including direct mail and e-commerce; education; health and wellness; restaurants; and specialty retail. Since 1984, Brentwood’s dedicated private equity team has invested in 44 portfolio companies with an aggregate transaction value of over $5 billion. With significant experience in both investing and brand building, Brentwood is a value-added partner with entrepreneurs and executives building world-class companies. For more information about Brentwood, please visit www.brentwood.com.