Friedman Fleischer & Lowe Acquires Church's Chicken

Church's Chicken, one of the largest quick-service chicken concepts in the world, is pleased to announce the completion of its sale to San Francisco-based private equity firm, Friedman Fleischer & Lowe LLC (FFL). Church's Chicken was formerly owned by Arcapita Bank B.S.C. (C), a leading international investment firm headquartered in Bahrain. FFL and Arcapita announced the signing of a definitive agreement to sell Church's in June.

'Now that the transaction is official, the Church's management team welcomes the opportunity to work closely with the team at FFL to explore new opportunities for the brand,' said Harsha V. Agadi, President and CEO of Church's Chicken. 'We look forward to further mapping out our long-term growth plans both internationally and domestically with this highly capable and experienced investor team,' Agadi added.

'We are excited to partner with Harsha and the entire management team as we embark on the Company's next phase of growth. The opportunity for unit expansion domestically and internationally, as well as for sales growth through menu expansion is compelling.' said David L. Lowe, vice chairman of Friedman Fleischer & Lowe, in a press statement.

With over 1,650 locations in 22 countries worldwide, Church's serves traditional home-style fried chicken and other popular chicken products in a simple, no-frills restaurant setting. The chain focuses on providing complete meals and snacks at low prices for a cross section of multicultural, cross-generational customers while emphasizing value, quality, and family/fellowship. The fried chicken concept operates under two brands worldwide: Church's Chicken and Texas Chicken.

Reader Comments:

Be the first to leave a comment for this article