Carrols to acquire 278 Burger King restaurants

Carrols to acquire 278 Burger King restaurants

Deal gives Burger King a 28.9-percent equity interest in Carrols

Carrols Restaurant Group Inc. has agreed to acquire 278 company-owned Burger King restaurants through an asset purchase agreement with Burger King Corp., the Syracuse, N.Y.-based company said Monday.

The transaction, which will make Carrols the system’s largest global franchisee, with 575 Burger King outlets, will give Burger King a 28.9-percent equity interest in Carrols. Carrols also agreed to pay the Miami-based franchisor about $15.8 million.

As part of the

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