Burger King parent company will add Firehouse Subs to its portfolio for $1 billion

Tim Hortons, Popeye’s and Burger King parent Restaurant Brands International will add Firehouse Subs to its portfolio in an all-cash bargain for $1 billion.

RBI said in an assertion Monday that the exchange will offer huge long haul unit development potential to drive alluring returns for all partners and is relied upon to be promptly accretive to RBIs weakened net profit per share.

RBI CEO Jos Cil said in an assertion:

We see huge potential to speed up U.S. also, international development at Firehouse Subs with RBIs improvement ability, global franchisee network and digital capabilities he noted. We are eager to invite the Firehouse Subs team to the RBI family and to proceed with our driven fantasy about building the universes most adored restaurant brands.

Firehouse Subs, founded in Jacksonville, Florida in 1994 by brothers and former firefighters Chris and Robin Sorensen, is frequently rated the #1 brand in the quick service restaurant (QSR) sandwich category for food quality and has one of the strongest-brand love ratings in its category.