The Cypress Group Closes Sale Of Third Largest Burger King Franchisee

MarketWatch:

The Cypress Group acted as representative and exclusive sell-side advisor to Simmonds Restaurant Management, Inc. (”SRM”), a franchisee of the Burger King System, in connection with the sale of its business operations. SRM was a franchisee with 72 restaurants in Omaha, Nebraska and Des Moines, Iowa. Mike Simmonds, founder of SRM, had been a Burger King Franchisee for 32 years. Burger King Corporation was the buyer of the restaurants.

“The strength of Cypress’ market knowledge and transaction execution was a true asset to our Company throughout this process.

Through the dedicated services of The Cypress Group, their long-standing relationships, and knowledge of the restaurant industry, we were able to achieve a milestone transaction for our organization. I was extremely pleased with the results of Cypress’ efforts and the manner in which they represented our Company throughout this transaction. This is the third transaction where I have used the services of The Cypress Group and continue to be impressed with their knowledge and expertise.”