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Kevin MAddronPrint   Return to press releases
June 24, 2008

SERVANT INVESTMENTS ANNOUNCES $6.7 MILLION DEAL ACQUIRING 9 LONG JOHN SILVER’S/A&W LOCATIONS

(ORLANDO, FL) June 24, 2008 – Servant Investments, LLC (“Servant”) closed on the purchase of 9 Long John Silver’s locations in Kansas and Oklahoma. The acquisition was managed by Sean Hickham, and the net lease division of Servant.

The properties were acquired from Yum, Inc. (Louisville, KY) in a refranchising to an affiliate of Apex Foods, a top young franchise. Yum! brands is the world’s largest restaurant company in terms of system restaurants with nearly 35,000 restaurants in more than 110 countries and territories. They are the world leader in multi-branding, which offers customers more choice and convenience from one restaurant location from a combination of KFC, Taco Bell, Pizza Hutt, A&W or Long John Silver’s brands. Servant worked closely on the deal with Franchise Capital Advisors, (Phoenix, AZ), a leading investment banking and advisory firm. Ryan Kress, Managing Director of Franchise Capital Advisors, described the transaction this way, “The Servant team did a fantastic job of getting this deal done with great energy and dedication. We had a very aggressive time line from start to closing and Servant met the challenge head on.”

Servant Investments is a private equity real estate investment firm, headquartered in Orlando, Florida, that offers a powerful combination of strategic capital solutions to developers and owner operators on a national basis. Founders Rick Steinberger and Robb Chapin bring a combined 35+ years of real estate investment experience and deliver new and creative capital efficiencies to a wide variety of asset classes and development types, ranging in total project size from $1 million to over $150 million.

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