Citizens Financial: Advice on selling 30 Jack in the Box and 27 Jamba Juice franchises in Hawaii and Guam


Citizens recommend 30 Jack in the Box and 27 Jamba Juice Franchises in Hawaii and Guam

PROVIDENCE, RI – Trinity Capital, a division of Citizens Capital Markets, announced today that it has acted as exclusive financial advisor to Scanlan Management LLC and Blue Pacific Guam LLC, the Jack in the Box franchisee, upon their sale to PARS Group, LLC. and as exclusive financial advisor to JJC Hawaii LLC, a Jamba licensee, upon its sale to Fresh Dining Concepts.

PARS Group LLC, based in Seattle, has acquired 28 Jack in the Box restaurants in Hawaii and two in Guam, as well as two locations in various stages of development and opening on Oahu and Guam. Miami-based Fresh Dining Concepts, Focus Brands’ largest franchise, has acquired 27 Gamba locations in Hawaii, as well as four locations in various stages of development and opening in Oahu and Maui, including the brand’s first drive-only location. .

“We are proud of the organization we have built and its success. We are also proud of providing opportunities to hundreds of local employees over the past 15 years,” said Chris Scanlan, CEO of Scanlan Management LLC.

He added, “In addition, we could not have been more impressed with Trinity’s abilities in advising us in completing the sale of our businesses. They were extremely thorough and thoughtful when it came to recommending solutions to the many complex issues we encountered throughout the transactions. Their analytical expertise was forward-looking, and the integrity and judgment they had “They have shown it to our team and our franchise partners as second to none and have proven invaluable in improving the outcome of our sales process. We cannot express enough our gratitude for their passion, perseverance and direction. We enthusiastically recommend that anyone considering a deal hire Trinity as their advisor.”

“We have a 20-year relationship with Chris and are honored to be chosen to help him with this important transaction,” said Nationals general manager Kevin Burke.

Citizens M&A Advisory specializes in mid-market mergers and acquisitions. Citizens combines sectoral intelligence with a client-centric approach to achieve true value for our clients. Citizens’ team includes more than 150 mergers and acquisitions professionals who specialize in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc. It is a subsidiary of Citizens Financial Group (NYSE: CFG).

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. One of the nation’s oldest and largest financial institutions, with assets of $226.7 billion as of December 31, 2022. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, mid-market companies, corporations and large institutions . Citizens helps their clients reach their potential by listening to them and understanding their needs in order to provide customized advice, ideas and solutions. In retail banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and convenience of nearly 3,300 ATMs and approximately 1,200 branches in 14 states and the District of Columbia. Retail banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In the field of commercial banking services, Citizens offers a wide range of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, in addition to syndicated loans, corporate financing, mergers and acquisitions, and debt and capital markets capabilities. . More information is available at or visit us at Twitteror LinkedIn or Facebook.

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The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others. Certificates are not paid and are not indicative of future performance or success.