Flynn Group LP has acquired 32 Wendy’s units in the Indianapolis, Ind., area, the company said Thursday.
The San Francisco-based company, which also owns Wendy’s in Australia and New Zealand, has 309 domestic Wendy’s, adding 116 in 2024. Terms of the deal were not disclosed.
A Flynn spokesperson said the has operated 28 Applebee’s Neighborhood Grill & Bar casual-dining restaurants and 51 Taco Bell quick-service locations in the Indianapolis market.
“Flynn’s deep, market‑specific expertise will be fully leveraged to establish new operational efficiencies for the 32 acquired Wendy’s restaurants in Indy, and to elevate the brand and drive growth across the city,” the company said in a press release, adding that the acquisition brings 40% of the brand’s footprint in the market under Flynn.
“This has been a historic year for Flynn with Wendy’s,” Greg Flynn, founder, chairman, and CEO of Flynn Group, said in a statement. “We’ve grown our domestic portfolio by a total of 116 restaurants and have also become the sole franchisee for The Wendy’s Co. in New Zealand, which was our second international investment after signing the master franchise agreement for Australia in 2023.”
The Flynn Group, founded in 1999, also franchises Arby’s, Panera, Pizza Hut and Planet Fitness.
Wendy’s has more than 7,000 restaurants systemwide.
Update Nov. 22, 2024: This story has been edited to include the number of Applebee's and Taco Bell units operated in the Indianapolis, Ind., market.
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