Arby's and Buffalo Wild Wings owner buying Dunkin' Brands
Dunkin’ doughnuts and coffee is being combined with Buffalo Wild Wings and Arby’s sandwiches
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Dunkin’ doughnuts and coffee is being combined with Buffalo Wild Wings and Arby's sandwiches.
Inspire Brands Inc. said Friday that it is acquiring Dunkin' Brands Group Inc. for $11.3 billion, including the Dunkin’ Brands’ debt that Inspire will be taking on.
The private-equity firm will pay $106.50 in cash for all of Dunkin' Brands' shares, which closed Friday at $99.71. Dunkin' Brands' stock surged to an all-time high earlier this week after the company confirmed the two were in merger talks.
Dunkin’, based in Canton, Massachusetts, also owns the Baskin-Robbins ice cream chain. There are 12,500 Dunkin’ stores and 8,000 Baskin-Robbins outlets worldwide.
Dunkin’ was founded in 1950 in Quincy, Massachusetts. Baskin-Robbins — known for its promise of 31 flavors — was founded in 1945 in Glendale, California.
Atlanta’s Inspire Brands, which was founded in 2018, is rapidly joining the largest restaurant groups in the U.S. In addition to Buffalo Wild Wings and Arby's, it owns the Sonic burger chain, Jimmy John's restaurants and Rusty Taco. It has annual sales of more than $14 billion.
Inspire is part of the private equity company Roark Capital Group, also based in Atlanta. Roark also backs Focus Brands — the owner of Auntie Anne’s Pretzels and Cinnabon — and CKE Restaurants which owns the Carl’s Jr. and Hardee’s burger chains.
The deal will give Inspire a spot in the breakfast category, which was the fastest-growing segment of the restaurant industry before the pandemic hit.
The acquisition comes as the global pandemic has hammered restaurants' sales. Dunkin’ Brands's systemwide sales fell 1.3% in the third quarter after tumbling 21% in the second quarter and the company said franchisees closed 553 restaurants permanently.
Inspire said it expects the deal to close by the end of the year.