KBP Foods, an Overland Park, KS-based restaurant operator of KFC, Taco Bell, and Long John Silver’s brands throughout the Midwest, South, and Southeast, received an equity investment of undisclosed amount.
Backers included Victory Park Capital Boathouse Capital, the company’s management, and others.
The deal will support the management buyout of KBP as well as future growth.
Led by CEO/President Michael Kulp, KBP operates approximately 220 restaurants under the KFC, Taco Bell, and Long John Silver’s brands throughout the Midwest, South, and Southeast.
The company is the second largest domestic KFC franchisee and among the top 25 largest restaurant franchisees of any brand in the United States. It has acquired and operates restaurants in Florida, Georgia, Illinois, Iowa, Kansas, Missouri, Nebraska, North Carolina, Texas, and Virginia.
The current management team will continue to execute on the strategy of acquiring and improving operations of franchised restaurants.