Goldco, LLC has been acquired by Burger Gulf Coast LLC
PNC RiverArch Capital, based in Pittsburgh, Pennsylvania, has sold Goldco, LLC to Burger Gulf Coast LLC. Financial details of this transaction have not been disclosed.
Goldco, LLC operates a chain of restaurants under the brand name Burger King in Alabama, Florida, and Georgia. The company was incorporated in 2008 and is based in Dothan, Alabama.
Burger Gulf Coast LLC currently operates a multi-brand portfolio of over 100 restaurants including Burger King, Applebees, IHOP and Stevi-B’s across the United States.
Founded in 2011, PNC RiverArch Capital specializes in investments in later stage, mature, middle market, buyout, industry consolidation, and recapitalization investments. The fund typically invests in the United States and Canada. PNC RiverArch Capital operates as a private equity arm of PNC Financial Services Group Inc.
One of Oaklins' teams in the USA served as exclusive financial advisor to Goldco, LLC, one of the largest Burger King franchisees in the USA and a portfolio company of PNC Riverarch Capital, in its divestiture of a portfolio of 61 restaurants to Burger Gulf Coast, LLC. This is the third transaction our team has completed with Goldco and PNC Riverarch Capital.
Talk to the deal team
James S. Grien
Oaklins TM Capital
Philip S. Krieger
Oaklins TM Capital
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