Bellevue, Wash.-based fast-casual pizza chain MOD Pizza announced that they have acquired 13 franchised MOD Pizza locations in North Carolina. All 13 locations were previously owned by SD (Southern Deli) Holdings, a franchisee that had filed for bankruptcy in February. MOD has now assumed control of the 13 locations in Charlotte, Wake Forest, Raleigh, Fayetteville and Asheville.
“This investment not only protects jobs across North Carolina but is an incredibly exciting opportunity for us to expand our company-owned portfolio and reinforce our commitment to a well-performing market with plenty of growth potential,” said Scott Svenson, co-founder and CEO of MOD Pizza in a statement. “The squad in North Carolina has done a great job introducing their local communities to the unique MOD experience and our people-first culture, and we look forward to continuing to build on this momentum.”
Although the terms of the acquisition were not disclosed, MOD said that they are offering employment and job security to all 300 eligible employees from the now-company-owned restaurants.
When SD Holdings filed for Chapter 11 bankruptcy earlier this year, the company also owned 73 Sonic Drive-In restaurants, three Fuzzy Taco units, and was previously one of the largest McAllister’s Deli franchisees, in addition to its MOD Pizza locations. Inspire Brands has now taken over all of the company’s Sonic locations.
After the acquisition, MOD Pizza now has 406 company-owned locations and 82 franchised locations in 28 states.
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