Monroe Moxness Berg is proud to have represented KBP Foods, a leading franchisee of quick service restaurants in the U.S., in its acquisition of 91 KFC & Taco Bell restaurants in the Michigan, New York, New Jersey, Maryland and Florida markets. This deal offers KBP expansion in existing geographies in the Midwest and Florida and extends its reach along the eastern coast.
“This acquisition fits our growth strategy perfectly,” said Barry Dubin, KBP Foods chief development officer. “We acquired restaurants where we had existing leadership on the ground, and expanded into new geographies along the eastern portion of our business, in markets with significant growth opportunity.”
From its beginning, growth has been interwoven into the KBP Foods culture. A company built on strategic impactful acquisitions, KBP Foods has seen steady growth year after year for 15 years. Since completing an MBO in early 2015, KBP has successfully completed three acquisitions, taking its restaurant total to 361, operating in 14 states. This latest acquisition provides advancement and ownership opportunity for several people within the organization.
“We learned early on that to attract top industry talent to our organization we would have to provide significant growth opportunities for our people,” stated Michael Kulp, president and CEO. “Our unwavering focus on how we can continue to deliver development to our people personally, professionally and financially has become part of every decision we make.”
About KBP Foods
KBP Foods, based in Overland Park, Kan., now operates 361 restaurants in 14 states throughout the Midwest and Eastern United States. KBP Foods is one of the largest Yum! Brands franchisees in the nation. The company employs roughly 7,000. For more information, visit www.kbp-foods.com.