ATLANTA An affiliate of Argonne Capital Group, based here, has acquired FMS Management Systems Inc., the largest area licensee of IHOP, with 148 restaurants owned, operated and sub-franchised throughout Florida and southern Georgia. Terms were not disclosed. North Miami Beach-based FMS’s assets and development rights are now held by Sunshine Restaurant Partners LLC, which intends to retain FMS’ management team.FMS generated an estimated $189 million in sales in fiscal 2006.In 2004, ...
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