PNC Riverarch Capital, a private-equity firm and a division of PNC Capital Finance LLC, has acquired a controlling interest in Dothan, Ala.-based Burger King franchisee Goldco LLC. Terms of the agreement were not disclosed, but in a statement Pittsburgh-based PNC Riverarch Capital noted the firm typically seeks investments valued between $10 million and $50 million. Alongside the acquisition, Goldco took on 33 previously company-owned Burger King locations in Broward County, Fla. ...
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Contact: Desiree Torres Desiree.Torres@penton.com