TM Capital Advises Goldco, LLC in its Acquisition of Burger King RestaurantsAugust 2013 | News & Press
August 14, 2013 – TM Capital is pleased to announce that we have advised Goldco, LLC, one of the largest Burger King franchisees in the United States, in its strategic acquisition of 14 Burger King Restaurants from Fast Food Enterprises #2, LLP. TM Capital was hired as Goldco’s exclusive advisor to bring our restaurant industry expertise and key relationships to bear in identifying and executing platform building acquisitions for Goldco and its financial partner, PNC Riverarch Capital. Following a comprehensive market survey, this marks the first of what we expect to be several acquisitions targeted at leveraging the operational expertise of the Goldco team to build a world class restaurant business.
Previously, TM Capital advised PNC Riverarch Capital on its acquisition of a controlling interest in Goldco from Equicorp Partners, an Atlanta-based private investment firm. Concurrent with the closing of the initial platform transaction, Goldco acquired 33 restaurants located in Broward County, Florida, from Burger King Worldwide, Inc.
Goldco, founded in 1980, is based in Dothan, Alabama and now operates 110 Burger King restaurants in Florida, Alabama and Georgia. PNC Riverarch Capital is a middle-market private equity firm which invests in privately held companies headquartered in North America.
With an extraordinary combination of sector expertise and strategic transaction experience, TM Capital continues to help our clients navigate the complexities of acquisition programs to realize exceptional outcomes. For more information, please visit www.tmcapital.com/transactions.
TM Capital’s Recent Transactions for Goldco, LLC
What Our Clients are Saying
“This is the second transaction that TM Capital has completed for Goldco, LLC. They were instrumental in identifying the right financial partner in PNC Riverarch to support our growth within the Burger King system and subsequently in guiding us through the acquisition process. TM Capital has been extremely valuable in helping us execute our growth strategy to become one of the largest Burger King Franchisees in the U.S.”
Fred Beilstein Jr., CEO, Goldco, LLC
About TM Capital
TM Capital Corp. is a partner-owned investment banking firm based in New York, Boston and Atlanta, which has completed over 250 transactions with a combined value in excess of $13.5 billion. Since 1989, we have advised clients navigating a full range of critical transactions, including complex mergers, acquisitions, debt and equity financings, minority and majority recapitalizations, restructurings, and advisory services including takeover defense, fairness and solvency opinions, valuations, as well as litigation support. We have built deep industry expertise in key sectors and our team regularly publishes research highlighting current and emerging trends in targeted industries and markets. TM Capital is a member firm of M&A International Inc., the world’s leading alliance of mid-market investment banks with over 600 M&A professionals in 40 countries. Members have closed over 1,300 transactions totaling more than $75 billion in value over the past five years.