JRI Hospitality expands Freddy’s footprint with HCI acquisition

Kansas-based JRI Hospitality has acquired the restaurant operations of HCI Hospitality, strengthening its position as a major franchisee of the Freddy's Frozen Custard & Steakburgers brand. The transaction includes 43 Freddy's locations operated by HCI, which runs several restaurant concepts across the Midwest. Following the deal, JRI's Freddy's portfolio will increase from more than 88 outlets in 15 states to over 130 across 18 states. JRI founder and CEO Jason Ingermanson said: "The acquisition of HCI is ...