Philippines-based Jollibee Foods Corporation informed the U.S. Securities and Exchange Commission that it has acquired a 47-percent ownership in Tortas Frontera for US$12.4 million in cash.
Mergers & Acquisitions
News about company buy outs and mergers
Planet Fitness’ largest franchisee, United PF Partners, announced yesterday that it has completed its acquisition of 19 clubs around Phoenix, Arizona. The large multiunit franchisee says that the acquired clubs can use some of their new capital to improve their facilities.
Home service franchisor Dwyer Franchising announced on August 14 that it acquired Mosquito Joe, a franchisor of over 285 insect control franchises.
ServiceMaster announced today that it has approval to spin off its American Home Shield Business subsidiary that issues home warranties. It will be rolled into a new publicly traded company called Frontdoor.
New York-based private equity firm Harvest Partners LP has acquired Dwyer Franchising, LLC of Texas, a group of 20 home service franchising brands. The amount of the deal for the Dwyer Group was not disclosed.
Wyndham Worldwide Corporation (NYSE:WYN) announced yesterday that it completed its acquisition of La Quinta Holdings, a hotel franchising and hotel management business.