Burger King owner Restaurant Brands buys franchisee Carrols for $1 billion

Burger King's parent company is buying Carrols Restaurant Group, the fast food chain's largest U.S. franchisee, for a whopping $1 billion. Restaurant Brands International Inc., which owns Burger King, Tim Hortons, Popeyes and Firehouse Subs, will purchase Carrols for $9.55 per share in an all cash transaction, the company announced Tuesday. Carrols operates 1,022 Burger King restaurants in 23 states, which brought in approximately $1.8 billion of system sales in 2023, as well as 60 Popeyes restaurants in si ...