03/14/2023
Citizens Advises on Sale of 30 Jack in the Box and 27 Jamba Juice Franchises in Hawaii and Guam
PROVIDENCE, RI – Trinity Funds, a division of Citizens Capital Marketplaces, announced today that it served as the exceptional financial advisor to Scanlan Administration LLC & Blue Pacific Guam LLC, a franchisee of Jack in the Box, on its sale to PARS Group, LLC and as the special economical advisor to JJC Hawaii LLC, a licensee of Jamba, on its sale to New Eating Ideas.
Seattle-primarily based Jack in the Box franchisee, PARS Group LLC, acquired 28 Jack in the Box dining establishments in Hawaii and two in Guam, as well as two places in many levels of currently being made and opened on Oahu and Guam. Miami-centered Fresh new Dining Ideas, the major franchisee of Concentration Brands, acquired 27 Jamba destinations in Hawaii, additionally four locations in various levels of staying designed and opened on Oahu and Maui, which include the brand’s 1st generate-via only spot.
Chris Scanlan, main government officer at Scanlan Management LLC, claimed: “We are very pleased of the organization we have constructed and its achievements. We are also very pleased to have provided possibilities to hundreds of regional personnel for the very last 15 years.”
He added: “In addition, we could not be far more amazed with Trinity’s capabilities in advising us in completing the sale of our corporations. They ended up extremely meticulous and thoughtful when it arrived to recommending methods to the a lot of elaborate concerns that we faced through the transactions. Their forward-wondering analytical know-how, integrity and the discretion they shown to our staff and our franchise associates were second to none and proved to be priceless in optimizing the consequence for our sale system. We simply cannot specific more than enough our gratitude for their passion, persistence and guidance. We would enthusiastically propose that anyone thinking of a transaction employ the service of Trinity as their advisor.”
Citizens Taking care of Director Kevin Burke explained: “We have a 20-year romance with Chris and are honored to have been decided on to guide him in this important transaction.”
Citizens M&A Advisory specializes in middle-industry mergers and acquisitions. Citizens brings together sector intelligence with a client-centered method to recognize our clients’ correct price. The Citizens group has far more than 150 M&A industry experts specializing in a selection of industries throughout the United States. Citizens M&A Advisory is part of Citizens Cash Marketplaces, Inc., a subsidiary of Citizens Financial Group (NYSE: CFG).
About Citizens Monetary Group, Inc.
Citizens Economical Team, Inc. is a person of the nation’s oldest and most significant monetary establishments, with $226.7 billion in belongings as of December 31, 2022. Headquartered in Providence, Rhode Island, Citizens gives a wide array of retail and commercial banking solutions and providers to men and women, small businesses, middle-industry providers, massive corporations and establishments. Citizens assists its shoppers access their possible by listening to them and by being familiar with their requires in get to provide tailor-made assistance, suggestions and remedies. In Shopper Banking, Citizens gives an integrated experience that includes cell and on-line banking, a whole-support customer call centre and the usefulness of approximately 3,300 ATMs and roughly 1,200 branches in 14 states and the District of Columbia. Buyer Banking products and companies include a comprehensive range of banking, lending, price savings, wealth administration and tiny company choices. In Business Banking, Citizens provides a wide complement of economic items and solutions, including lending and leasing, deposit and treasury management products and services, international trade, desire amount and commodity threat management remedies, as very well as mortgage syndication, company finance, merger and acquisition and personal debt and equity funds markets capabilities. Far more information is obtainable at www.citizensbank.com or stop by us on Twitter, LinkedIn or Facebook.
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