BK franchisee to sell 240 stores

MIAMI Fla. Burger King’s second-largest franchisee is selling more than 240 units for $155 million to GSO Capital Partners, a New York-based hedge fund, according to a published report.

The seller, Downers Grove, Ill.-based Heartland Food Corp., is principally owned by Alvaro Cabrera, a Burger King franchisee since the mid-1980s. He told the Miami Herald the time was right to sell his holdings, as he’d intended to do since creating Heartland Food Corp

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