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Article: The Cypress Group Completes Sale of AmeriKing Burger King Operations in Illinois, Wisconsin and Tennessee.
- Article from:
- Business Wire
- Article date:
- December 19, 2003
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Business Editors
WESTCHESTER, Ill.--(BUSINESS WIRE)--Dec. 19, 2003
The Cypress Group, an investment bank and advisory services firm, completed the sale of AmeriKing's 131 Burger King restaurants located primarily in Illinois and Wisconsin and 15 restaurants in Chattanooga, Tennessee.
Prior to entering bankruptcy in December 2002, AmeriKing was the second-largest independent Burger King franchisee. The Burger King operations in Illinois were sold to Heartland Food Corporation, an existing Burger King franchisee. The Tennessee restaurants were sold to HomeTown Folks, LLC, a local Tennessee restaurant operating company.
Early this month, ...