Citizens Financial : Advises CLC Northwest Inc. on Sale of 24 Taco Bell Restaurants

10/13/2021

PROVIDENCE, RI- Trinity Capital, a division of Citizens Capital Markets, Inc., served as the exclusive financial advisor to CLC Northwest, Inc., and affiliates, a Taco Bell and KFC franchisee with 43 restaurants in Washington, Idaho and Montana. CLC Northwest sold its 18 Eastern Washington and six Billings, Montana, area Taco Bell restaurants, including the underlying real estate at seven locations.

Craig Langel, owner of CLC Northwest, Inc., said: "I have used Trinity for M&A advisory services for many years, so when my wife, Ellen, and I decided to sell some of our restaurants, my first call was to Trinity. They designed and executed a sale process that accomplished our goals in a smooth, efficient transaction. We care deeply for our employees and wanted to ensure that the new owner shared our values. We were able to achieve a premium value for our business while also ensuring our people would be taken care of going forward. I would highly recommend Trinity to anyone thinking about selling their business."

Aaron Edwards, vice president at Trinity Capital, said: "We are pleased to deliver an outcome that exceeded expectations for a longtime client."

Citizens M&A Advisory specializes in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach to realize our clients' true value. The Citizens team has closed more than 175 transactions in the last five years and has more than 60 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc., a subsidiary of Citizens Financial Group (NYSE: CFG).

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $185.1 billion in assets as of June 30, 2021. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,000 ATMs and approximately 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.comor visit us on Twitter, LinkedInor Facebook.

The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others. The testimonials are not paid and are not indicative of future performance or success.