Founded in 1964, K-MAC operates 190 restaurant locations, including 166 Taco Bell restaurants, 19 KFC restaurants and 5 Golden Corral restaurants. The company’s stores are located in the six states of Arkansas, Indiana, Missouri, Oklahoma, Tennessee and Texas.
K-MAC, which is led by president and CEO Sam Fiori and COO Tina Reagan, will both continue to lead the business going forward, said Brentwood Associates.
Brentwood Associates partner Anthony Choe said K-MAC has achieved tremendous growth and success throughout its history.
"We look forward to leveraging our expertise in growing consumer businesses to help management continue its growth into the future," Choe said.
In addition, Brentwood has also partnered with Arlon Food and Agriculture Investment Program and Northwestern Mutual Capital on the equity portion of the transaction.
BofA Merrill Lynch, Wells Fargo Bank, and SunTrust Robinson Humphrey were joint lead arrangers on the senior debt financing supporting the acquisition.
Brentwood was represented by Burr & Forman in conjunction with the transaction and Latham & Watkins on the debt financing.
