Chanticleer closes on BGR purchase

Chanticleer closes on BGR purchase

Company sees burger brand as growth opportunity

Chanticleer Holdings Inc. has closed on its purchase of BGR: The Burger Joint, the company said Wednesday.

Terms of the deal were not disclosed, but Charlotte, N.C.-based Chanticleer, which franchises Hooters domestically and abroad, said Lansdowne, Va.-based BGR provides the company with an expansion concept.

“BGR increases our number of locations by 77 percent and provides an attractive growth opportunity for Chanticleer,” said Mike Pruitt, Chanticleer’s CEO.

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