Meritage Hospitality Group Inc. (OTCPK:MHGU) agreed to acquire Portfolio of 43 Wendy's Restaurants Located in Mid-West on December 20, 2022. The Meritage Hospitality plans to use a combination of cash and credit facilities to fund the transaction. The pending acquisition is subject to customary due diligence and standard franchise approvals.

The acquisition is scheduled to close in the first half of 2023.