{"id":510882,"date":"2021-07-08T08:33:25","date_gmt":"2021-07-08T12:33:25","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/carrols-restaurant-group-inc-acquires-19-burger-king-restaurants-in-indiana-and-michigan\/"},"modified":"2021-07-08T08:33:25","modified_gmt":"2021-07-08T12:33:25","slug":"carrols-restaurant-group-inc-acquires-19-burger-king-restaurants-in-indiana-and-michigan","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/carrols-restaurant-group-inc-acquires-19-burger-king-restaurants-in-indiana-and-michigan\/","title":{"rendered":"Carrols Restaurant Group, Inc. Acquires 19 BURGER KING\u00ae Restaurants in Indiana and Michigan"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">SYRACUSE, N.Y., July  08, 2021  (GLOBE NEWSWIRE) &#8212; Carrols Restaurant Group, Inc. (\u201cCarrols\u201d or the \u201cCompany\u201d) (Nasdaq: TAST) today announced that it recently acquired 19 BURGER KING\u00ae restaurants in Indiana and Michigan.<\/p>\n<p align=\"justify\">Daniel T. Accordino, the Chairman and Chief Executive Officer of Carrols, commented, \u201cAs we have stated previously, with our Adjusted Leverage Ratio (as defined in our senior credit facility) below four times, we have been pursuing opportunistic bolt-on transactions to grow our overall portfolio. These 19 restaurants, which were acquired in two separate transactions, constitute our first multi-restaurant acquisitions in more than two years and increase our store count in two large Midwestern states where we already have a significant presence. Importantly, we believe that we can improve upon the average sales volume of these restaurants and increase their margins over time as we integrate them into our existing operations.\u201d<\/p>\n<p align=\"justify\">\n        <strong>About the Company<\/strong>\n      <\/p>\n<p align=\"justify\">Carrols is one of the largest restaurant franchisees in North America. It is the largest BURGER KING\u00ae franchisee in the United States, currently operating 1,029 BURGER KING\u00ae restaurants in 23 states as well as 65 POPEYES\u00ae restaurants in seven states. Carrols has operated BURGER KING\u00ae restaurants since 1976 and POPEYES\u00ae restaurants since 2019. For more information, please visit the Company&#8217;s website at www.carrols.com.<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">Except for the historical information contained in this news release, the matters addressed are forward-looking statements. Forward-looking statements, written, oral or otherwise made, represent Carrols&#8217; expectation or belief concerning future events. Without limiting the foregoing, these statements are often identified by the words &#8220;may&#8221;, &#8220;might&#8221;, &#8220;believes&#8221;, &#8220;thinks&#8221;, &#8220;anticipates&#8221;, &#8220;plans&#8221;, &#8220;expects&#8221;, &#8220;intends&#8221; or similar expressions. In addition, expressions of our strategies, intentions, plans or guidance are also forward-looking statements. Such statements reflect management&#8217;s current views with respect to future events and are subject to risks and uncertainties, both known and unknown. You are cautioned not to place undue reliance on these forward-looking statements as there are important factors that could cause actual results to differ materially from those in forward-looking statements, many of which are beyond our control. Investors are referred to the full discussion of risks and uncertainties, including without limitation the impact of COVID-19 on Carrols\u2019 business, as included in Carrols&#8217; filings with the Securities and Exchange Commission.<\/p>\n<p align=\"justify\">Investor Relations:<br \/>Raphael Gross<br \/>203-682-8253<br \/>investorrelations@carrols.com<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3Njk4NiM0Mjg3NTc3IzIwMDc2Mjk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/97c5f72c-00fc-4f74-bf5b-aed2b46b7ebf\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SYRACUSE, N.Y., July 08, 2021 (GLOBE NEWSWIRE) &#8212; Carrols Restaurant Group, Inc. (\u201cCarrols\u201d or the \u201cCompany\u201d) (Nasdaq: TAST) today announced that it recently acquired 19 BURGER KING\u00ae restaurants in Indiana and Michigan. Daniel T. Accordino, the Chairman and Chief Executive Officer of Carrols, commented, \u201cAs we have stated previously, with our Adjusted Leverage Ratio (as defined in our senior credit facility) below four times, we have been pursuing opportunistic bolt-on transactions to grow our overall portfolio. These 19 restaurants, which were acquired in two separate transactions, constitute our first multi-restaurant acquisitions in more than two years and increase our store count in two large Midwestern states where we already have a significant presence. Importantly, we believe that we can improve &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/carrols-restaurant-group-inc-acquires-19-burger-king-restaurants-in-indiana-and-michigan\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Carrols Restaurant Group, Inc. Acquires 19 BURGER KING\u00ae Restaurants in Indiana and Michigan&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-510882","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Carrols Restaurant Group, Inc. Acquires 19 BURGER KING\u00ae Restaurants in Indiana and Michigan - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/carrols-restaurant-group-inc-acquires-19-burger-king-restaurants-in-indiana-and-michigan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Carrols Restaurant Group, Inc. Acquires 19 BURGER KING\u00ae Restaurants in Indiana and Michigan - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SYRACUSE, N.Y., July 08, 2021 (GLOBE NEWSWIRE) &#8212; Carrols Restaurant Group, Inc. (\u201cCarrols\u201d or the \u201cCompany\u201d) (Nasdaq: TAST) today announced that it recently acquired 19 BURGER KING\u00ae restaurants in Indiana and Michigan. Daniel T. Accordino, the Chairman and Chief Executive Officer of Carrols, commented, \u201cAs we have stated previously, with our Adjusted Leverage Ratio (as defined in our senior credit facility) below four times, we have been pursuing opportunistic bolt-on transactions to grow our overall portfolio. These 19 restaurants, which were acquired in two separate transactions, constitute our first multi-restaurant acquisitions in more than two years and increase our store count in two large Midwestern states where we already have a significant presence. Importantly, we believe that we can improve &hellip; Continue reading &quot;Carrols Restaurant Group, Inc. Acquires 19 BURGER KING\u00ae Restaurants in Indiana and Michigan&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/carrols-restaurant-group-inc-acquires-19-burger-king-restaurants-in-indiana-and-michigan\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-08T12:33:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3Njk4NiM0Mjg3NTc3IzIwMDc2Mjk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/carrols-restaurant-group-inc-acquires-19-burger-king-restaurants-in-indiana-and-michigan\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/carrols-restaurant-group-inc-acquires-19-burger-king-restaurants-in-indiana-and-michigan\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Carrols Restaurant Group, Inc. 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