WKS Restaurant Group, the largest El Pollo Loco franchisee, has acquired Pennant Foods Corp. and its 52 Wendy’s in Southern California. Lakewood, Calif.-based WKS, which now owns more than 180 franchise restaurants that include such other brands as Blaze Pizza, Corner Bakery Café, Denny’s and Krispy Kreme, purchased Pennant from funds managed by Boca Raton, Fla.-based Brockway Moran & Partners Inc.
Read the Nation’s Restaurant News story here