QSR operator Southpaw has acquired a portfolio of nearly 40 Taco Bell locations in the Atlanta market. Terms of the transaction were not disclosed, according to a press release.
The addition of the portfolio brings Southpaw’s ownership of Taco Bell locations to 115 across five states. The brand also owns a series of Dunkin’ locations. Southpaw owns 180 total restaurants in eight states with sales of more than $300 annually.
The franchise company recently acquired 34 Mid-Atlantic locations in December 2021.
“We are thrilled to deepen our strong relationship with Taco Bell and our footprint within this iconic brand. Taco Bell combines segment dominance with market-leading profits, consistent menu innovation and disruptive marketing. There are few QSR concepts which have exhibited more post-pandemic resilience than Taco Bell,” Judd Wishnow, co-founder and Co-CEO of Southpaw, said in the release. “We have been successfully operating Taco Bell restaurants for more than five years and take great pride in the high-value products and loyal customer base the franchise has built.
“Our acquisition in Atlanta gives us a network of locations that we believe will benefit from our operating strategies and unique ability to capitalize on white space in the market for new development. We could not be happier with the growth of our Taco Bell platform, and we look forward to continued expansion, as we seek to create additional value for our stakeholders.”