Carrols Restaurant Group Inc.

Carrols Restaurant Group Inc.

Carrols Restaurant Group Inc.

Overview
Date Founded

1960

Headquarters

968 James Street, Syracuse, NY, 13203, USA

Type of Company

Public

Employees (Worldwide)

24.5K

Industries

Restaurants
Food

Company Description

Carrols Restaurant Group, Inc. owns and operates restaurants under the Burger King brand. It serves flame-broiled whopper sandwich, hamburgers, chicken and other specialty sandwiches, fries, salads, breakfast items, smoothies, frappes and other snacks. The company was founded in 1960 and is headquartered in Syracuse, NY.

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Executives & Employees

Chairman of the Board, Chief Executive Officer & President

Chief Financial Officer, Treasurer & Vice President

Secretary, Vice President & General Counsel

General Manager

General Manager

Internal Auditor

Vice President, Human Resources

Vice President, Real Estate

Vice President

Independent Consultant

Board of Directors

Chairman, President & Chief Executive Officer at Carrols Corp.

President at Grant Capital, Inc.

Chief Financial Officer at Restaurant Brands International, Inc.

President & Director at Horizon Group USA, Inc.

President at Garnett Station Capital Partners LLC

Former Interim President & Chief Executive Officer at O'Charley's LLC

Co-President at Cambridge Franchise Holdings LLC

Co-Founder at Stone-Goff Partners LLC

Head-Development at Burger King Corporation

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Owners & Shareholders
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Private Capital Management (PCM) follows a single fundamental value-based investment discipline. The firm invests primarily in publicly traded equity securities that trade on North American (predominantly US) exchanges. On occasion, investments may include publicly traded limited partnerships. For certain clients (including clients invested in PCM's Value Focus Strategy or the private and public investment funds they manage), the firm has the ability to invest in various financial instruments or derivatives (options) as well as non-equity securities such as corporate debt. PCM also has the ability to execute short sales for clients that have margin accounts and have permitted short selling. While the securities in which the firm invests typically trade on North American exchanges, they may be issued by companies that are based in, or have significant operations within, foreign countries; and companies that derive a significant portion of their revenues from outside North America. PCM manages two portfolio strategies: Value Equity Strategy and a more concentrated Value Focus Strategy. Both strategies are grounded on the firm's bottom-up investment approach. Clients who participate in the Value Equity Strategy are allowed to impose reasonable restrictions on their accounts, including limitations on investments in specific securities, industries, or sectors. PCM may invest in companies of any market-cap and and typically assumes an investment horizon of 3 to 5 years.

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Cannell Capital employs fundamental, bottom-up research to make investment decisions. In general, the firm utilizes a strategy that focuses on investing long/short in the equities publicly traded, generally small-cap located primarily in North America. Cannell Capital is an activist firm and is included in the SharkWatch50 as one the 50 most prominent activist investors.

Recent Transactions
Details Hidden

Carrols Restaurant Group Inc. purchases Burger King Corp. /13 Restaurants from Restaurant Brands International LP

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Carrols Restaurant Group Inc. purchases Cambridge Franchise Holdings LLC /221 Restaurants from Cambridge Franchise Holdings LLC

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Carrols Restaurant Group Inc. purchases Burger King Corp. /43 Restaurants from Restaurant Brands International LP

Transaction Advisors
Auditor

Advised onCarrols Restaurant Group Inc. issued Common Stock

Underwriter

Advised onCarrols Restaurant Group Inc. issued Common Stock

Underwriter

Advised onCarrols Restaurant Group Inc. issued Common Stock

Legal Advisor

Advised onCarrols Restaurant Group Inc. issued Common Stock

Chair, Restaurant Sector Team

Advised onCarrols Restaurant Group Inc. issued Common Stock

Associate

Advised onCarrols Restaurant Group Inc. issued Common Stock

Advisors & Consultants
Advisor

Former Chief Financial Officer, Treasurer & Vice President at Carrols Restaurant Group Inc.

Legal Advisor

Partner at Akerman LLP

Legal Advisor

Former Partner at Kaye Scholer LLP

Clients

Fiesta Restaurant Group, Inc. engages in the acquisition, operation, and franchise of fast-casual restaurants. It operates through the following segments: Pollo Tropical, Taco Cabana, and Other. The Pollo Tropical segment offers a variety of Caribbean inspired food. The Taco Cabana segment serves a selection of Mexican inspired food. The Other segment includes corporate-owned property and equipment, advisory fees, and corporate related items not allocated to the first two segments. The company was founded in April 2011 and is headquartered in Dallas, TX.

Key Stats and Financials As of 2018
Market Capitalization
$270M
Total Enterprise Value
$611M
Earnings Per Share
$0.22
Revenue
$1.18B
Enterprise Value Sales
0.52x
Enterprise Value EBITDAOperating
6.33x
TEVNet Income
61.55x
Debt TEV
0.46x
Three Year Compounded Annual Growth Rate Of Revenue
11.14%
Five Year Compounded Annual Growth Rate Of Revenue
12.19%
EBITDAMargin
8.19%
Total Debt
$280M
Net Profit
$9.93M
EBITDA
$96.5M
Total Equity
$186M
Investors
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Bahrain International Bank EC operates as an investment banking firm that provides corporate financial services, banking, financial advisory, mergers and acquisitions, and underwriting services. The company was founded in 1982 and is headquartered in Manama, Bahrain.

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Madison Dearborn Partners is an active manager invests in MBO and growth equity transactions. The sectors in which they invest include basic industries, business & government software and services, financial & transactions services, health care and telecom, media & technology services. The firm targets middle and upper-middle market companies located primarily in the United States. They acquire both control and minority positions.

Suppliers
Maines Paper & Food Service, Inc. Restaurants | CONKLIN, NY

Maines Paper & Food Service, Inc. operates as a foodservice distributor. It offers meat, poultry, seafood, prepared foods, appetizers, bakery, grocery, dairy, beverages and equipment and small wares products. The firm sells its products under the brand names which include Bountiful Harvest, Brickfire Bakery, Chef Mark, Cobblestreet Market, Culinary Secrets, Pierport Seafood, ProPak, ProWare, SilverBrook, Smart Source, Trescerro, Windscapes and Trifoglio. The company was founded by Floyd L. Maines Sr. in 1919 and is headquartered in Conklin, NY.

Berkshire Hathaway, Inc. Power & Utilities | Greenwich, Connecticut

Berkshire Hathaway, Inc. is engaged in the provision of property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services. It operates through following segments: GEICO, General Re, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC, Berkshire Hathaway Energy, McLane Company, Manufacturing, Service and Retailing, and Finance and Financial products. The GEICO segments involves in underwriting private passenger automobile insurance mainly by direct response methods. The General Re offers underwriting excess-of-loss, quota-share, and facultative reinsurance. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share reinsurance for insurers and reinsurers. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and domestic real estate brokerage and brokerage franchisor. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment involves providing fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and retailing. The Finance and Financial Products segment includes manufactured housing and consumer financing; transportation equipment, manufacturing and leasing; and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

Reyes Holdings LLC Wholesale: Consumer Non-Durables/Sundries | Rosemont, IL

Reyes Holdings LLC engages in the distribution of food and beverage products. It operates through its business units such as Reyes Beverage Division, Martin Brower, Great Lakes Coca-Cola Bottling, and Reyes Coca-Cola Bottling. The company was founded by Joseph Christopher Reyes, Joseph A. Reyes, and Jude M. Reyes in 1976 and is headquartered in Rosemont, IL.

Competitors
McDonald's Corp. Restaurants - Chicago, Illinois

McDonald's is the leading global foodservice retailer with more than 36,000 local restaurants serving approximately 69 million people in more than 100 countries each day.

The Wendy's Co. Restaurants - Dublin, Ohio

The Wendy’s Company is the world’s third largest quick-service hamburger company. The Wendy’s system includes more than 6,500 franchise and Company restaurants in the U.S. and 27 other countries and U.S. territories worldwide.

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