Supports acquisition of 37 corporate stores in Central and East Texas
GE Capital, Franchise Finance provided $13.2 million to J&D Restaurant Group, Inc. for the purchase of 37 Jack in the Box units throughout Central and East Texas. Funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.
"Our trust and confidence in GE Capital's ability to execute made choosing them an easy decision," explains Jeff Moosa, President, J&D Restaurant Group, Inc. "This is our first time working with GE, and they closed our deal the fastest in Jack in the Box history. Without the team's guidance and effort this would not have been possible."
J&D Restaurant Group was established in 2010 in Dallas, Texas.
"We are committed to helping restaurant groups such as J&D grow with the industry," said Marques Bayne, vice president, GE Capital, Franchise Finance. "We deliver on that commitment with our capital and our industry expertise."
Based in San Diego, Jack in the Box Inc., is one of the nation's largest hamburger fast-food chains, with more than 2,200 restaurants in 19 states.
About GE Capital, Franchise Finance
GE Capital, Franchise Finance is a leading lender for the franchise finance market via direct sales and portfolio acquisition. With more than 30 years of experience and $12 billion in served assets, we serve over 5,000 customers and over 22,000 property locations. We specialize in financing mid-market operators with multiple stores in the restaurant and hospitality industries. Our team of industry experts will work with you to help develop growth plans with access to our proprietary industry research and customized tools. More information is available at www.gefranchisefinance.com or by calling 866-GET-GEFF (438-4333).
Contacts:
Arment Dietrich, Inc.
Molli Megasko
(312) 787-7249
mmegasko@armentdietrich.com
or
GE
Capital, Franchise Finance
Christine Roe
(480) 563-6260
christine.roe@ge.com
