Just a few weeks after BurgerFi and Anthony’s Coal Fired Pizza and Wings offered propertyto TREW Capital, the businesses are once more in new arms.
Blissful Asker, the founding father of Blissful’s Pizza, Savvy Sliders and Fats Boy’s Pizza, has taken possession of BurgerFi after receiving court docket approval on Friday, Dec. 13. Jessica and Kuljeet Singh, who additionally function Burger King and Spherical Desk Pizza eating places within the Pacific Northwest, acquired Anthony’s final week.
BurgerFi Worldwide, Inc., proprietor of the BurgerFi and Anthony’s Coal Fired Pizza & Wings manufacturers, filed for chapter safety earlier this yr within the U.S. District Court docket for the District of Delaware.
Trew Capital Administration Non-public Credit score 2, owned by former BBQ Holdings CEO Jeff Crivello who previoulsy purchased Rubio’s out of chapter for $40 million, acquired court docket approval on Nov. 8 to accumulate BurgerFi’s $10 million property and Anthony’s $44 million, assuming some liabilities, based on a Securities and Alternate Fee kind 8-Okay filed.
Trew has since offered BurgerFi to Asker and Anthony’s to Jessica and Kuljeet Singh, respectively.
“We’re thrilled to announce the acquisition of BurgerFi by Blissful Asker and his household, seasoned operators with a deep understanding of franchising,” stated Steve Lieber, who has led improvement for BurgerFi for the previous a number of years and can proceed in that function.
“With 54 Savvy Sliders, 60 Blissful’s Pizza and 9 Fats Boy’s Pizza areas, their confirmed experience in multi-brand development is unmatched,” he stated in an e-mail to FastCasual. “Their 24/7/365 help and highly effective buying energy be sure that franchise companions’ profitability stays the highest precedence. Collectively, we’re dedicated to the strategic development of all manufacturers, driving continued success and profitability for our franchise companions.”
Carl Bachmann, who has been serving as BurgerFi CEO since 2023, will lead Anthony’s, based on e-mail to FastCasual.
BurgerFi has over 1r0 areas; Anthony’s has almost 50.
