ABTB, a company owned by Orangewood Partners and ABDD Capital announced that it has purchased eight additional Taco Bell restaurants in the greater Louisville, Kentucky, market. Financial terms of the transaction were not disclosed.
In February 2018, ABTB announced the acquisition of a portfolio of Taco Bell restaurants located in and around Louisville. The newly acquired restaurants will be integrated into ABTB’s existing portfolio which now totals 32 Taco Bell locations.
Alan Goldfarb, Founder and Managing Partner of Orangewood, says, “We are pleased with ABTB’s growth and are excited to expand our presence within Louisville. Moreover, we look forward to deepening our relationship with Taco Bell and continuing to support the greater Louisville community and our valued team members.”
Judd and Erica Wishnow, co-Founders of ABDD, adds, “Our team is thrilled to integrate these new Taco Bell locations into our portfolio and grow our footprint in the Louisville market. We remain focused on providing exceptional customer service to our guests.”
Paris Ackerman LLP provided legal advice on this transaction.