Goldco, LLC has acquired Fast Food Enterprises #2, LLP

Goldco, LLC, one of the largest Burger King franchisees in the United States and a portfolio company of PNC Riverarch Capital, has acquired 14 restaurants from Fast Food Enterprises #2, LLP, a franchise of the Burger King Corporation, for an undisclosed consideration.

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.

Goldco's management saw considerable opportunities to improve performance at under-performing stores in an otherwise attractive market. Private equity owner continues to wish to pursue a consolidation strategy within the BK franchise system.

One of Oaklins' teams in the USA served as the exclusive financial advisor to Goldco, LLC. The team's deep industry expertise in the restaurant sector enabled Goldco to conduct a comprehensive market survey before executing on the first of what is anticipated to be several acquisitions.