Large Bojangles franchisee acquired by Eyas Capital

Core Insights - BOJ of WNC LLC, the largest franchise group in the Bojangles system, has sold over 120 locations across six states to private equity firm Eyas Capital, with undisclosed deal terms [1] - Eyas Capital plans to expand Bojangles' presence in Cincinnati and Columbus, Ohio, with over 40 additional locations planned [1] Company Overview - Bojangles operates more than 800 restaurants across 21 states, with a year-over-year sales growth of 5.6% in 2024, totaling $1.9 billion, outperforming most competitors in the chicken category [4] - The chain has seen nearly 11% growth in unit count over the past five years [4] Leadership and Strategy - Eyas Capital's founder Timothy Foley expressed confidence in the brand's potential and plans for expansion, emphasizing the opportunity to create a new fan base in Ohio [2] - Bojangles CEO Jose Armario highlighted the operational expertise of Eyas Capital's leadership as a key factor in driving the brand's growth in both North Carolina and new markets [4]