On the Record · Carrols Restaurant Group
Carrols Restaurant Group acquisitions, on the record
The businesses Carrols Restaurant Group bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
19 Burger King restaurants acquired in two separate transactionsWord for word“During 2021, we acquired 19 Burger King restaurants in two separate transactions.” 10-K for 2022 | acquisition | During 2021 | — |
New CFH, LLC, a former subsidiary of Cambridge Franchise Holdings, LLC, with 165 Burger King restaurants, 55 Popeyes restaurants and six convenience storesWord for word“On April 30, 2019, we completed a merger with New CFH, a former subsidiary of Cambridge Franchise Holdings, LLC ("Cambridge"), and acquired 165 Burger King restaurants, 55 Popeyes restaurants and six convenience stores (the "Cambridge Acquisition").” 10-K for 2022 | merger | On April 30, 2019 | — |
234 restaurants from Burger King and Popeyes franchisees in three separate transactions, including 55 PopeyesWord for word“During 2019, we acquired 234 restaurants in three separate transactions, of which 55 were Popeyes.” 10-K for 2022 | acquisition | During 2019 | — |
19 Burger King restaurants acquired from other franchisees in two transactions (Fort Wayne, Indiana and Battle Creek, Michigan)Word for word“Closing Date Number of Restaurants Purchase Price Fee-Owned (1)(2) Market Location June 17, 2021 14 $ 27,603 12 Fort Wayne, Indiana June 23, 2021 5 3,216 1 Battle Creek, Michigan 19 $ 30,819 13 (1) The 2021 acquisitions included the purchase of 13 fee-owned restaurants, of which 12 were sold in sale-leaseback transactions during the third quarter of 2021 for net proceeds of approximately $20.2 million.” 10-K for 2023 | acquisition | — | — |
12 fee-owned restaurants acquired in 2021 (sale-leaseback transactions)Word for word“The 2021 acquisitions included the purchase of 13 fee-owned restaurants, of which 12 were sold in sale-leaseback transactions during the third quarter of 2021 for net proceeds of approximately $20.2 million.” 10-K for 2023 | divestiture | during the third quarter of 2021 | approximately $20.2 million |
one fee-owned restaurant property closed at the end of 2021Word for word“(2) One of the fee-owned properties was closed at the end of 2021, and subsequently sold in the second quarter of 2022 for proceeds of $0.2 million.” 10-K for 2023 | divestiture | second quarter of 2022 | $0.2 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2017-01-01 | $48.1 million | $2.4 million |
| 2017-12-31 | $37.9 million | $13.9 million |
| 2018-12-30 | $38.1 million | $1.7 million |
| 2019-12-29 | $130.6 million | $84.2 million |
| 2021-01-03 | $0 | $0 |
| 2022-01-02 | $30.8 million | $1.8 million |
| 2023-01-01 | $0 | — |
| 2023-12-31 | $0 | — |
Deal filings since 2016
- 2024-05-16 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2024-01-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-11-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-12-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-12-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-09-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-06-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-04-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-01-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-06-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-04-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-04-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-03-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-12-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-02-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-12-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-06-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-01-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-02-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Carrols Restaurant Group’s annual reports (10-K for 2023, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2024-03-08. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.