Meritage Reports Acquisition of 20 Wendy’s Restaurants in Atlanta, Georgia
Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation’s premier restaurant operators, announced it has completed the acquisition of 20 Wendy’s restaurants located in Atlanta, Georgia.
The Wendy’s restaurants were acquired from a franchisee and are contiguous to the Company’s existing Wendy’s operations in Atlanta. Commenting on the acquisition Robert E. Schermer, Jr. CEO stated, “This transaction represents a case-model opportunity of our stated strategy to enhance shareholder value through consolidation and development in the Wendy’s franchise system. We intend to immediately install our web-based back of house operating and accounting systems to add real-time efficiencies at the restaurant level.”