Value Foodservice LLC has acquired 11 Kentucky Fried Chicken restaurants, bringing its total KFC restaurant count to 59 domestic locations, the company said Wednesday.
New York-based Value Foodservice said the purchased KFC restaurants are in Kentucky and Tennessee, mostly in the greater Nashville area. VFS is led by quick-service restaurant veteran Jon Blob, with financial backing from BlackBern Partners LLC.
“We are excited to continue to grow our KFC restaurant footprint with this transaction, which is our third KFC acquisition of the year,” Blob, VFS CEO, said in a statement. “The area around Nashville is experiencing strong economic tailwinds, and we are excited to grow our presence in this region in the future.”
Jason Young, a partner at BlackBern, added: “The VFS team has done a great job building the business, while smartly navigating the dynamic QSR environment the last several years. We are excited to enter a new geography.”
Value Foodservice, formed in 2021, owns and operates stores in the franchise restaurant industry.
BlackBern Partners is a New York City-based private-equity firm that invests in mature operating companies.
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