Representative Transactions from Trinity Capital, a division of Citizens Capital Markets | Trinity Capital, a division of Citizens Capital Markets

Pacific Bells

Pacific Bells a portfolio company of Partners Group has been acquired by Orangewood Partners.

Pacific Bells

Transaction Overview

Trinity Capital, a division of Citizens Capital Markets, served as the exclusive financial advisor to Pacific Bells on its acquisition by Orangewood Partners. The Vancouver, Washington based franchise group was previously owned by Partners Group, a global private markets firm that invested in 2015 and supported the franchisee through a period of rapid expansion through acquisitions and organic growth. Under the deal, Pacific Bells’ founder and CEO Tom Cook and others on the management team will retain a significant minority stake in the company and will continue to operate the restaurants. With more than 250 Taco Bell locations, Pacific Bells was founded in 1986 in Oregon, and has since grown to include units in nine states, including Alabama, Arkansas, California, Mississippi, Ohio, Oregon, Tennessee, Washington and Wisconsin. Under the new ownership, the group plans to continue its growth through both acquisition and new unit openings in current and additional markets, the company said.

Transaction Testimonial

"Over the last 35 years, we’ve assembled a highly capable and dedicated team that strives to deliver an exceptional guest experience day in and day out. Our new partnership with Orangewood, an experienced, long-term investor with a focus on the QSR sector, will help continue the expansion of our Taco Bell portfolio and create more growth opportunities for our talented and dedicated employees. We look forward to this partnership and continuing to be a best-in-class operator delivering a world-class customer experience."

Tom Cook, CEO Pacific Bells

Pacific Bells

Pacific Bells a portfolio company of Partners Group was acquired by Orangewood

Orangewood

World Wide Wings

World Wide Wings completed a recapitalization of 65 Buffalo Wild Wings Sports Bars in California, Pacific Northwest and Midwest

World Wide Wings

Transaction Overview

Trinity Capital, a division of Citizens Capital Markets, served as the exclusive financial advisor to World Wide Wings, the second largest franchisee in the Buffalo Wild Wings system and a portfolio company of Partners Group, a leading global private markets firm, on the recapitalization of its 65 sports bars across several states in the Pacific Northwest, Midwest and California. This recapitalization follows Partners Group’s initial investment in 2015 when they acquired a majority stake in World Wide Wings and its affiliate, Pacific Bells, a franchisee of 275+ Taco Bells. Partners Group exited its Pacific Bells investment in 2021 and, with this transaction, exits its investment in World Wide Wings. Trinity Capital advised on both transactions

Transaction Testimonial

"Since inception, we’ve assembled a highly capable and dedicated team that strives to deliver an exceptional guest experience day in and day out. This transaction firmly positions World Wide Wings to capitalize on growth opportunities and allows us to continue delivering a world-class customer experience. Trinity Capital once again rose to the occasion and delivered results on a transaction while overcoming many hurdles. Trinity’s unmatched industry knowledge and professionalism make them an ideal advisor. "

TOM COOK, Chairman & CEO, World Wide Wings

World Wide Wings

a Franchise of Buffalo Wild Wings completed a recapitalization

Partners Group

Pacific Wings, Inc.

Pacific Wings, Inc. a franchisee of Buffalo Wild Wings sold assets to Grube, Inc.

Pacific Wings, Inc.

Transaction Overview

Trinity Capital, a division of Citizens Capital Markets, Inc., served as the exclusive financial advisor to Pacific Wings, Inc., a Buffalo Wild Wings franchisee in Southern California, on the sale of its restaurants to Grube, Inc., the third largest franchisee of Buffalo Wild Wings in terms of unit count. Trinity conducted an auction process that produced an exceptional result and advised the seller on all aspects of the transaction.

Transaction Testimonial

"We have been franchisees of Buffalo Wild Wings for more than 10 years, and selling our business was a big decision. We selected Trinity based on their experience with the brand and reputation in the industry. Our business was a unique asset, and only through Trinity’s relationships and expertise were we able to garner a strong valuation and realize the fruits of our labor. We received senior-level attention each step of the way and are very pleased with the outcome. Our people are extremely important to us, and we feel confident that they will be well taken care of within the Grube organization. We wish them the best of luck going forward"

John Kotsiopoulos and Tony Prokos, Owners of Pacific Wings, Inc.

Pacific Wings, Inc.

RC Group, LLC

RC Group, LLC, a franchisee of Taco Bell, KFC, Pizza Hit and Long John Silver's completed the sale of 58 Taco Bell restaurants and one KFC restaurant in Atlanta

RC Group, LLC

Transaction Overview

Trinity Capital, a division of Citizens Capital Markets, served as the exclusive financial advisor to RC Group, LLC, a franchisee of Taco Bell, KFC, Pizza Hut and Long John Silver’s, on the sale of 58 Taco Bell restaurants and one KFC restaurant in Atlanta. The RC Group was owned by longtime franchisee Bob Carlucci, who has been in the Taco Bell system for more than 35 years.

Transaction Testimonial

"Bob has been a leader in the Taco Bell brand for many decades and has demonstrated success across multiple geographies. This is an important transaction for him and his family and its success underscores the expertise and deep relationships the Trinity team has built over many decades."

Zach Olson, Managing Director, Trinity Capital

RC Group, LLC

a franchisee of Taco Bell, KFC, Pizza Hit and Long John Silver's completed the sale of 58 Taco Bell restaurants and one KFC restaurant in Atlanta

Scanlan Management, LLC & Blue Pacific Guam, LLC

Scanlan Management, LLC & Blue Pacific Guam, LLC has completed a sale of stores to PARS Group, LLC

Scanlan Management, LLC & Blue Pacific Guam, LLC

Transaction Overview

Trinity Capital, a division of Citizens Capital Markets, served as the exclusive financial advisor to Scanlan Management LLC & Blue Pacific Guam LLC, a franchisee of Jack in the Box, on its sale to PARS Group, LLC and as the exclusive financial advisor to JJC Hawaii LLC, a licensee of Jamba, on its sale to Fresh Dining Concepts. Seattle-based Jack in the Box franchisee, PARS Group LLC, acquired 28 Jack in the Box restaurants in Hawaii and two in Guam, plus two locations in various stages of being developed and opened on Oahu and Guam. Miami-based Fresh Dining Concepts, the largest franchisee of Focus Brands, acquired 27 Jamba locations in Hawaii, plus four locations in various stages of being developed and opened on Oahu and Maui, including the brand’s first drive-thru only location.

Transaction Testimonial

"We are proud of the organization we have built and its success. We are also proud to have provided opportunities to hundreds of local employees for the last 15 years. In addition, we could not be more impressed with Trinity’s capabilities in advising us in completing the sale of our companies. They were incredibly meticulous and thoughtful when it came to recommending solutions to the numerous complex issues that we faced throughout the transactions. Their forward-thinking analytical expertise, integrity and the discretion they displayed to our team and our franchise partners were second to none and proved to be invaluable in optimizing the outcome for our sale process. We cannot express enough our gratitude for their passion, persistence and guidance. We would enthusiastically recommend that anyone considering a transaction hire Trinity as their advisor."

Chris Scanlan

Scanlan Management, LLC & Blue Pacific Guam, LLC

a Franchisee of Jack in the Box has completed a sale of stores to PARS Group, LLC

Smart Management & Co., Inc. & Marlu Group

Smart Management & Co., Inc. & Marlu Group, a Franchisee of Arby's, has completed a sale of stores to Ambrosia QSR

Smart Management & Co., Inc. & Marlu Group

Transaction Overview

Trinity Capital, a division of Citizens Capital Markets, served as the exclusive financial advisor to a California-based franchisee group managed by the Lutfi Family, on the sale of 48 Arby’s restaurants located in Washington, Oregon and Southern California. The restaurants were acquired by Ambrosia QSR, a multi-brand operating company led by Luke Pisors, who once served as Senior Vice President at the Arby's brand. Ambrosia QSR, based in Vancouver WA, will operate the acquired locations along with their current portfolio.

Transaction Testimonial

"My family and I want to offer our warmest wishes to Ambrosia QSR, along with their team and partners. I also want to recognize the entire team of Trinity for having the patience in working with us to achieve this outcome; always handling matters with the highest standards of integrity and diligence. I cannot say enough for the appreciation we have for David’s advice and counsel."

Tony Lufti, Marlu Group President

Smart Management & Co., Inc. & Marlu Group

A Franchisee of Arby's has completed a sale of stores to Ambrosia QSR

JJC Hawaii, LLC

JJC Hawaii, LLC, a licensee of Jamba Juice has completed a sale of stores to Fresh Dining Concepts

JJC Hawaii, LLC

Transaction Overview

Trinity Capital, a division of Citizens Capital Markets, served as the exclusive financial advisor to Scanlan Management LLC & Blue Pacific Guam LLC, a franchisee of Jack in the Box, on its sale to PARS Group, LLC and as the exclusive financial advisor to JJC Hawaii LLC, a licensee of Jamba, on its sale to Fresh Dining Concepts. Seattle-based Jack in the Box franchisee, PARS Group LLC, acquired 28 Jack in the Box restaurants in Hawaii and two in Guam, plus two locations in various stages of being developed and opened on Oahu and Guam. Miami-based Fresh Dining Concepts, the largest franchisee of Focus Brands, acquired 27 Jamba locations in Hawaii, plus four locations in various stages of being developed and opened on Oahu and Maui, including the brand’s first drive-thru only location.

Transaction Testimonial

"“We are proud of the organization we have built and its success. We are also proud to have provided opportunities to hundreds of local employees for the last 15 years. In addition, we could not be more impressed with Trinity’s capabilities in advising us in completing the sale of our companies. They were incredibly meticulous and thoughtful when it came to recommending solutions to the numerous complex issues that we faced throughout the transactions. Their forward-thinking analytical expertise, integrity and the discretion they displayed to our team and our franchise partners were second to none and proved to be invaluable in optimizing the outcome for our sale process. We cannot express enough our gratitude for their passion, persistence and guidance. We would enthusiastically recommend that anyone considering a transaction hire Trinity as their advisor.” "

Chris Scanlan, CEO, Scanlan Management LLC

JJC Hawaii, LLC

a licensee of Jamba Juice has completed a sale of stores to Fresh Dining Concepts

Vitaligent, LLC

Vitaligent, LLC, a franchisee of Jamba & Cinnabon was acquired by Sizzling Platter

Vitaligent, LLC

Transaction Overview

Trinity Capital, a division of Citizens, served as the exclusive financial advisor to Vitaligent, LLC on its sale to Sizzling Platter.

Vitaligent, LLC

a franchisee of Jamba & Cinnabon has completed a sale of stores to Sizzling Platter

Sizzling Platter

Palo Alto, Inc.

Palo Alto, Inc. a franchisee of Pizza Hut has completed a sale of 30+ restaurants to Ayvaz Pizza, LLC.

Palo Alto, Inc.

Transaction Overview

Trinity Capital, a division of Citizens, served as the exclusive financial advisor to Palo Alto, Inc., a leading Taco Bell and Pizza Hut franchisee, on the sale of its 30+ Pizza Hut restaurants, including 15 fee properties, to Ayvaz Pizza, LLC. Trinity conducted a limited auction process that produced an exceptional result in an abbreviated timeframe and advised the seller on all aspects of the transaction.

Palo Alto, Inc.

a franchisee of Pizza Hut has completed a sale of restaurants to Ayvaz Pizza, LLC