CANTON – Inspire Brands Inc. will buy Dunkin’ Brands Group, the parent company of Dunkin’ for approximately $11.3 billion including reported the Wall Street Journal.
Inspire Brands owns Arby’s, Buffalo Wild Wings, and SONIC Drive-In. They have more than 11,000 location across America. The company is backed by the private equity group Roark Capital Group.
Headquartered in Canton. there are more than 12,500 Dunkin locations in America. Dunkin Brands also owns about 8,000 Baskin-Robbins.
The two companies say they expect the transaction to be completed by the end of 2020.
The Wall Street Journal says the deal will make Inspire “the second-largest U.S. restaurant chain by domestic sales after McDonald’s Corp.”
“We are excited to bring meaningful value to shareholders who have been with us on this journey and believe that Inspire Brands, a preeminent operator of franchised restaurant concepts, will continue to drive growth for our franchisees while remaining true to all that is unique and special about the Dunkin’ and Baskin-Robbins brands,” said Chief Executive Officer of Dunkin’ Brands Dave Hoffmann in a statement.
In their release, Inspire and Dunkin’ announced they have entered into a “definitive merger agreement” that has been “unanimously approved by the Board of Directors” of each company.
“Dunkin’ and Baskin-Robbins are category leaders with more than 70 years of rich heritage, and together they are two of the most iconic restaurant brands in the world,” said Paul Brown, Co-founder and Chief Executive Officer of Inspire Brands, in a statement. “By joining Inspire, these brands will add complementary guest experiences and occasions to our current portfolio.”