Twin Hospitality Group to Acquire Eight Twin Peaks Franchise Locations in Florida
Twin Hospitality Group (NASDAQ: TWNP) entered a letter of intent to acquire eight Twin Peaks franchised restaurants in Florida from DMD Ventures for approximately $47 million in cash.
The locations include Davie, Fort Myers, West Palm Beach, Pembroke Pines, Hollywood, Cypress Creek, Doral and Naples. The deal is expected to add about $76–$77 million in annual revenue and $9–$10 million in annual EBITDA, with an anticipated close in Q1 2026, subject to a definitive purchase agreement, financing and customary closing conditions.
Management says the incremental EBITDA should help reduce leverage and strengthen the company balance sheet while the business continues to pursue franchise-driven expansion.
Twin Hospitality Group (NASDAQ: TWNP) ha espresso una lettera d'intenti per acquisire otto ristoranti Twin Peaks in franchising in Florida da DMD Ventures per circa 47 milioni di dollari in contanti.
Le sedi includono Davie, Fort Myers, West Palm Beach, Pembroke Pines, Hollywood, Cypress Creek, Doral e Naples. L'accordo dovrebbe generare circa 76–77 milioni di dollari di ricavi annuali e 9–10 milioni di EBITDA annuo, con chiusura prevista nel Q1 2026, soggetta a un accordo definitivo di acquisto, finanziamento e condizioni di chiusura tipiche.
La direzione afferma che l’EBITDA incrementale dovrebbe aiutare a ridurre l’indebitamento e rafforzare il bilancio dell’azienda mentre l’attività continua a perseguire l’espansione guidata dal franchising.
Twin Hospitality Group (NASDAQ: TWNP) ha suscrito una carta de intenciones para adquirir ocho restaurantes Twin Peaks en franquicia en Florida de DMD Ventures por aproximadamente 47 millones de dólares en efectivo.
Las ubicaciones incluyen Davie, Fort Myers, West Palm Beach, Pembroke Pines, Hollywood, Cypress Creek, Doral y Naples. Se espera que el acuerdo aporte alrededor de 76–77 millones de dólares en ingresos anuales y 9–10 millones de EBITDA anual, con cierre previsto en Q1 2026, sujeto a un acuerdo definitivo de compra, financiamiento y condiciones de cierre habituales.
La dirección afirma que el EBITDA incremental debería ayudar a reducir el apalancamiento y fortalecer el balance de la empresa mientras el negocio continúa persiguiendo una expansión impulsada por franquicias.
Twin Hospitality Group (NASDAQ: TWNP)가 DMD Ventures로부터 플로리다주 내 8개 Twin Peaks 프랜차이즈 레스토랑을 인수하기 위한 의향서를 체결했습니다. 현금 약 4700만 달러 수준으로.
위치에는 Davie, Fort Myers, West Palm Beach, Pembroke Pines, Hollywood, Cypress Creek, Doral, Naples가 포함됩니다. 거래는 연간 매출 76–77백만 달러와 연간 EBITDA 9–10백만 달러를 추가할 것으로 예상되며, 2026년 1분기에 마감을 목표로 하되, 최종 매매계약, 자금조달 및 일반적인 종결 조건에 따릅니다.
경영진은 증분 EBITDA가 레버리지를 줄이고 회사의 재무상태를 강화하는 데 도움이 될 것이며, 비즈니스가 프랜차이즈 주도 확장을 계속 추구한다고 말합니다.
Twin Hospitality Group (NASDAQ: TWNP) a signé une lettre d'intention pour acquérir huit restaurants Twin Peaks en franchise en Floride auprès de DMD Ventures pour environ 47 millions de dollars en espèces.
Les sites incluent Davie, Fort Myers, West Palm Beach, Pembroke Pines, Hollywood, Cypress Creek, Doral et Naples. L'accord devrait générer environ 76–77 millions de dollars de revenus annuels et 9–10 millions de dollars d'EBITDA annuel, avec une clôture prévue au premier trimestre 2026, sous réserve d'un accord d'achat définitif, du financement et des conditions de clôture habituelles.
La direction indique que l'EBITDA incrémental devrait aider à réduire l'endettement et à renforcer le bilan de l'entreprise tandis que l'activité poursuit son expansion axée sur les franchises.
Twin Hospitality Group (NASDAQ: TWNP) hat eine Absichtserklärung unterzeichnet, um acht Twin Peaks Franchise-Restaurants in Florida von DMD Ventures für ca. 47 Millionen US-Dollar in bar zu erwerben.
Die Standorte umfassen Davie, Fort Myers, West Palm Beach, Pembroke Pines, Hollywood, Cypress Creek, Doral und Naples. Der Deal soll etwa 76–77 Millionen US-Dollar Umsatz pro Jahr und 9–10 Millionen US-Dollar EBITDA pro Jahr hinzufügen, mit einem voraussichtlichen Abschluss im Q1 2026, vorbehaltlich eines endgültigen Kaufvertrags, Finanzierung und üblicher Abschlussbedingungen.
Das Management sagte, das zusätzliche EBITDA solle dazu beitragen, die Verschuldung zu senken und die Bilanz des Unternehmens zu stärken, während das Geschäft weiterhin eine franchisebasierte Expansion verfolgt.
Twin Hospitality Group (NASDAQ: TWNP) أصدرت خطاب نوايا لشراء ثمانية مطاعم Twin Peaks بنظام الامتياز في فلوريدا من DMD Ventures بمقدار يقارب 47 مليون دولار نقداً.
تشمل المواقع دافي، فورت مايرز، ويست بالم بيتش، بيمبرو كاينز، هوليوود، Cypress Creek، Doral وNaples. من المتوقع أن يضيف الصفقة حوالي 76–77 مليون دولار من الإيرادات السنوية و 9–10 ملايين دولار من EBITDA السنوي، مع إغلاق متوقّع في الربع الأول من 2026، رهناً باتفاق شراء نهائي، التمويل وظروف الإغلاق المعتادة.
تقول الإدارة إن EBITDA الإضافي سيساعد في خفض الدين وتقوية الميزانية العمومية للشركة بينما يستمر العمل في التوسع القائم على الامتياز.
- $76–$77M expected incremental annual revenue
- $9–$10M expected incremental annual EBITDA
- 8 Florida Twin Peaks locations added to corporate portfolio
- Transaction expected to reduce leverage via incremental EBITDA
- Acquisition requires approximately $47M cash and associated financing
- Completion is subject to financing and definitive agreement, not guaranteed
Insights
Twin Hospitality's planned $
The company signed a letter of intent to buy eight franchised restaurants for approximately
Key dependencies include execution of a definitive purchase agreement, securing financing, and customary closing conditions before
Watch for three concrete milestones in the near term: signing a definitive agreement, financing announcements, and the actual close in
Strategic Acquisition Expected to Strengthen Balance Sheet Through Enhanced EBITDA Generation
DALLAS, Texas, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Twin Hospitality Group Inc. (“Twin Hospitality”) (Nasdaq: TWNP), the parent company of Twin Peaks and Smokey Bones, today announced it has entered into a letter of intent to acquire eight Twin Peaks franchised restaurants in Florida from DMD Ventures, LLC for approximately
The acquisition will bring the following Florida locations to company ownership: Davie, Fort Myers, West Palm Beach, Pembroke Pines, Hollywood, Cypress Creek, Doral and Naples. Upon completion, the transaction is expected to contribute approximately
"We are delighted to bring proven, high-performing franchise locations into our corporate portfolio," said Kim Boerema, CEO of Twin Hospitality Group. "These are some of our top performing restaurants, and Florida has consistently demonstrated strong performance as a key market for Twin Peaks.”
“The enhanced cash flow and increased EBITDA from these locations is expected to strengthen our balance sheet through deleveraging while enabling us to capitalize on incremental revenue and margin growth," added Andy Wiederhorn, Chairman of Twin Hospitality Group.
The transaction is expected to close in the first quarter of 2026, and is subject to completion of a definitive purchase agreement, financing and customary closing conditions.
For more information on Twin Hospitality Group, visit https://ir.twinpeaksrestaurant.com/.
About Twin Hospitality Group Inc.
Twin Hospitality Group Inc. (NASDAQ: TWNP) is a restaurant company that strategically develops and operates and franchises specialty casual dining restaurant concepts with a goal to redefine the casual dining category with its experiential driven brands, Twin Peaks and Smokey Bones. Twin Peaks, known as the ultimate sports lodge, is an award-winning restaurant and sports bar brand with 114 locations across 26 states and Mexico and is known for its made-from-scratch food, 29-degree draft beer, innovative cocktail program and sports on wall-to-wall televisions. Smokey Bones is a full-service, meat-centric restaurant brand and concept with 45 locations, across 15 states specializing in ribs and a variety of other slow-smoked, fire-grilled and seared meats, along with a full bar. For more information, please visit www.twinpeaksrestaurant.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the timing of and expected revenue and EBITDA contribution from the proposed acquisition of restaurants Forward-looking statements generally use words such as “expect,” “foresee,” “anticipate,” “believe,” “project,” “should,” “estimate,” “will,” “plans,” “forecast,” and similar expressions, and reflect our expectations concerning the future. Forward-looking statements are subject to significant business, economic and competitive risks, uncertainties and contingencies, many of which are difficult to predict and beyond our control, which could cause our actual results to differ materially from the results expressed or implied in such forward-looking statements. We refer you to the documents that we file from time to time with the Securities and Exchange Commission, such as our reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of these and other risks and uncertainties that could cause our actual results to differ materially from our current expectations and from the forward-looking statements contained in this press release. We undertake no obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Media Relations:
Erin Mandzik
emandzik@fatbrands.com
860-212-6509
FAQ
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