Before now, the largest acquisition Thrive Restaurant Group ever made was 22 restaurants.
Now, with its purchase of 69 Applebee’s restaurants that California-based Dine Brands owned in North Carolina and South Carolina, that number has skyrocketed.
“This is the biggest acquisition we’ve ever done by a long way,” said Thrive president and CEO Jon Rolph.
He would not disclose the purchase price.
The deal comes with 3,000 new employees for a total