Private-equity firm buys controlling stake in large Burger King franchisee

Private-equity firm buys controlling stake in large Burger King franchisee

PNC Riverarch Capital has acquired a controlling interest in Goldco LLC

PNC Riverarch Capital, a private-equity firm and a division of PNC Capital Finance LLC, has acquired a controlling interest in Dothan, Ala.-based Burger King franchisee Goldco LLC.

Terms of the agreement were not disclosed, but in a statement Pittsburgh-based PNC Riverarch Capital noted the firm typically seeks investments valued between $10 million and $50 million.

Alongside the acquisition, Goldco took on 33 previously company-owned Burger King locations

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