FAT Brands Inc. (NasdaqCM:FAT) acquired Barbeque Integrated, Inc. from Sun Capital Partners V, L.P. managed by Sun Capital Partners, Inc. for $31.8 million on September 25, 2023. The transaction was funded from the Company?s existing securitization facilities. Kroll, LLC acted as financial advisor to Sun Capital and Barbeque Integrated. Jeffrey P. Swatzell, Matthew S. Arenson of Kirkland & Ellis acted as legal advisor to Sun Capital Partners, Inc.

FAT Brands Inc. (NasdaqCM:FAT) completed the acquisition of Barbeque Integrated, Inc. from Sun Capital Partners V, L.P. managed by Sun Capital Partners, Inc. on September 25, 2023. Barbeque Integrated, Inc. reported total assets of $78 million, total liabilities of $87 million, stockholder?s deficit of $9 million, net sales of $184.6 million, operating loss of $2.2 million and net loss of $3.4 million for the fiscal year ended January 1, 2023.