An Affiliate of Sun Capital Partners, Inc. Acquires Fazoli's Restaurants, Inc.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla. -- Sun Capital Partners, Inc.: * Robert T. Weissmueller Appointed President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Replacing Founder Kuni Toyoda * Fazoli's is One of the Largest Operators of Italian Quick Service Restaurants in the U.S. With 319 Locations in 32 States Sun Capital Partners, Inc. ("Sun Capital"), a leading private investment firm specializing in leveraged buyouts leveraged buyout, the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase. and investments in market-leading companies, today announced that one of its affiliates has acquired Fazoli's Restaurants, Inc. ("Fazoli's"). Fazoli's, one of the largest quick service Italian restaurant chains The following is a list of restaurant chains. See also: Fast-food restaurant, Casual dining, List of reference tables. International
Robert ("Bob") Weissmueller, a 35-year veteran of McDonald's Corporation, will become the president and CEO of Fazoli's, effective immediately, succeeding founder Kuni Toyoda, who is leaving the organization after more than 16 years of service. Weissmueller has had a distinguished career in the restaurant industry, having served in executive management positions with McDonald's Corporation since 1971. His positions with McDonald's included: Vice President of Real Estate and Construction; Group Vice President, Integrated Logistics; and Director of International Operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. , to name a few. "This transaction is a great opportunity for the Fazoli's brand and its people," said Kuni Toyoda, founder and departing de·part v. de·part·ed, de·part·ing, de·parts v.intr. 1. To go away; leave. 2. To die. 3. CEO of Fazoli's Restaurants, Inc. "We are confident that this transaction will further enhance Fazoli's outstanding franchise, and I would like to personally thank our hardworking associates and management team for their support throughout the past sixteen years." Toyoda added, "I am also pleased that Bob Weissmueller, who brings a wealth of restaurant experience in many corporate disciplines, will be leading Fazoli's in its next phase of growth. I wish him, the management team, and our associates, the best of good fortune." Bob Weissmueller, the newly-appointed CEO of Fazoli's Restaurants, Inc., stated, "I am delighted to be joining Fazoli's Restaurants and am confident that the financial resources and deep restaurant experience of Sun Capital and its affiliates will support the management team in strengthening Fazoli's value proposition and reputation for superlative guest service and quality Italian meals." M. Steven Liff, Managing Director, Sun Capital Partners, Inc., added, "Fazoli's is a leader in its niche and continues to excel through its commitment to quality, service, and overall guest satisfaction. We look forward to working with Bob Weissmueller, Fazoli's management team, and our franchisees to position the chain for growth." About Fazoli's Restaurants, Inc. Founded in 1988, Fazoli's is one of the largest quick service Italian restaurant chains in the U.S., with 319 restaurants located in 32 states. Fazoli's menu includes a wide variety of traditional and innovative Italian food offerings, including pastas (build-your-own pasta, lasagna, and oven-baked pastas like baked chicken parmesan Chicken parmesan, chicken parmigiana, or (Italian Pollo alla parmigiana) is a popular Italian dish. ), toasted submarine submarine, naval craft capable of operating for an extended period of time underwater. Submarines are almost always warships, although a few are used for scientific or business purposes (see also submersible). and panini Panini (pä`nēnē), fl. c.400 B.C., Indian grammarian. His Ashtādhyāyī [eight books] (tr. 1891) is one of the earliest works of descriptive linguistics and is also the first individually authored treatise on Sanskrit. sandwiches, pizza (slice or whole pie), soups, salads, and deserts. Fazoli's complements these offerings with its signature all-you-care-to-eat freshly-baked breadsticks. For more information about Fazoli's, or to find a location near you, please log on to www.fazolis.com. About Sun Capital Partners, Inc. Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in and managed more than 130 companies worldwide with combined sales in excess of $30.0 billion since Sun Capital's inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , London, and Shenzhen, China. |
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