Acquiring Company
Restaurant Brands International
Acquired Company
Carrols Restaurant Group
Toronto
SyracuseFood and BeverageHospitalityRestaurantsDescription
Restaurant Brands International has completed the acquisition of Carrols Restaurant Group for USD 1.0 billion. The deal, which closed on May 16, 2024, included 1,022 Burger King restaurants across 23 states. The all-cash consideration was set at USD 9.55 per share. Plans for an additional USD 500 million will be directed towards remodeling several locations.
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Frequently asked
Who acquired Carrols Restaurant Group?
Carrols Restaurant Group was acquired by Restaurant Brands International, based in Toronto. The deal was reported on October 1, 2026. Restaurant Brands Asia (RBA) operates brands such as Burger King and Popeyes in India and Indonesia. The company is focused on expanding its presence in the quick-service restaurant (QSR) sector. Restaurant Brands International is publicly traded (QSP) and operates in Food and Beverage.
When did Restaurant Brands International acquire Carrols Restaurant Group?
Restaurant Brands International's acquisition of Carrols Restaurant Group was reported on October 1, 2026. Restaurant Brands International has completed the acquisition of Carrols Restaurant Group for USD 1.0 billion. The deal, which closed on May 16, 2024, included 1,022 Burger King restaurants across 23 states. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Carrols Restaurant Group do?
Carrols Restaurant Group, Inc. is the largest Burger King franchisee in the United States, operating 1,022 Burger King restaurants in 23 states and 60 Popeyes restaurants in six states. It is privately held, operating in Restaurants, and is based in Syracuse.
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