Twin Hospitality Group announces intent to acquire eight Florida Twin Peaks locations for $47 million, enhancing revenue and EBITDA.
Quiver AI Summary
Twin Hospitality Group Inc. has announced its intent to acquire eight franchised Twin Peaks restaurants in Florida from DMD Ventures, LLC for approximately $47 million in cash. This acquisition, expected to close in the first quarter of 2026, is anticipated to generate annual revenues of about $76-$77 million and contribute an additional $9-$10 million in EBITDA, thereby strengthening the company's balance sheet and providing greater financial flexibility. CEO Kim Boerema expressed enthusiasm for integrating these high-performing locations into their corporate portfolio, highlighting Florida's significance as a strong market for Twin Peaks. This strategic move aligns with the company's long-term goal of franchise-driven expansion while enhancing cash flow and enabling potential margin growth.
Potential Positives
- Strategic acquisition of eight high-performing Twin Peaks locations in Florida expected to generate approximately $76-$77 million in annual revenue.
- The deal is anticipated to increase annual EBITDA by $9-$10 million, which will help in reducing leverage and strengthening the company's balance sheet.
- Acquisition reinforces Twin Hospitality's long-term focus on franchise-driven expansion while capitalizing on a key growth market.
- Strengthened cash flow from the acquisition is expected to enable incremental revenue and margin growth for the company.
Potential Negatives
- The press release emphasizes reliance on forward-looking statements, which indicates uncertainty in the anticipated outcomes of the acquisition and could signal to investors potential risks involved.
- The requirement for financing and customary closing conditions to complete the acquisition introduces additional uncertainty, which may deter investor confidence.
- The mention of business, economic, and competitive risks associated with the forward-looking statements suggests that there are significant challenges that could impact future performance.
FAQ
What is the recent acquisition by Twin Hospitality Group?
Twin Hospitality Group announced the acquisition of eight Twin Peaks franchised restaurants in Florida for approximately $47 million in cash.
How much annual revenue is expected from the acquisition?
The acquisition is expected to contribute approximately $76-$77 million in annual revenue.
What is the anticipated EBITDA impact from the acquisition?
The transaction is expected to generate an additional $9-$10 million in annual EBITDA.
When is the acquisition expected to close?
The transaction is anticipated to close in the first quarter of 2026, subject to customary conditions.
What are the locations of the acquired Twin Peaks restaurants?
The acquired restaurants are located in Davie, Fort Myers, West Palm Beach, Pembroke Pines, Hollywood, Cypress Creek, Doral, and Naples, Florida.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TWNP Insider Trading Activity
$TWNP insiders have traded $TWNP stock on the open market 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $TWNP stock by insiders over the last 6 months:
- BRANDS, INC FAT purchased 7,139,667 shares for an estimated $31,200,344
- KIM ALLEN BOEREMA (President and CEO) purchased 4,200 shares for an estimated $15,558
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$TWNP Hedge Fund Activity
We have seen 5 institutional investors add shares of $TWNP stock to their portfolio, and 12 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- QUBE RESEARCH & TECHNOLOGIES LTD removed 18,003 shares (-51.9%) from their portfolio in Q3 2025, for an estimated $73,923
- MILLENNIUM MANAGEMENT LLC removed 14,102 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $57,905
- NEUBERGER BERMAN GROUP LLC removed 12,146 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $49,873
- GOLDMAN SACHS GROUP INC removed 12,055 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $54,488
- CITADEL ADVISORS LLC added 10,409 shares (+92.5%) to their portfolio in Q3 2025, for an estimated $42,741
- OSAIC HOLDINGS, INC. added 5,310 shares (+inf%) to their portfolio in Q3 2025, for an estimated $21,803
- VANGUARD GROUP INC added 5,095 shares (+18.8%) to their portfolio in Q3 2025, for an estimated $20,921
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Strategic Acquisition Expected to Strengthen Balance Sheet Through Enhanced EBITDA Generation
DALLAS, Texas, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Twin Hospitality Group Inc. (“ Twin Hospitality ”) (Nasdaq: TWNP), the parent company of Twin Peaks and Smokey Bones, today announced it has entered into a letter of intent to acquire eight Twin Peaks franchised restaurants in Florida from DMD Ventures, LLC for approximately $47 million in cash. The strategic transaction represents an opportunistic investment in a key growth market even as the Company’s long-term focus remains on franchise driven expansion.
The acquisition will bring the following Florida locations to company ownership: Davie, Fort Myers, West Palm Beach, Pembroke Pines, Hollywood, Cypress Creek, Doral and Naples. Upon completion, the transaction is expected to contribute approximately $76-$77 million in annual revenue and $9-$10 million in additional annual EBITDA. The incremental EBITDA contribution is expected to help reduce leverage, further strengthening the Company’s balance sheet and financial flexibility.
"We are delighted to bring proven, high-performing franchise locations into our corporate portfolio," said Kim Boerema, CEO of Twin Hospitality Group. "These are some of our top performing restaurants, and Florida has consistently demonstrated strong performance as a key market for Twin Peaks.”
“The enhanced cash flow and increased EBITDA from these locations is expected to strengthen our balance sheet through deleveraging while enabling us to capitalize on incremental revenue and margin growth," added Andy Wiederhorn, Chairman of Twin Hospitality Group.
The transaction is expected to close in the first quarter of 2026, and is subject to completion of a definitive purchase agreement, financing and customary closing conditions.
For more information on Twin Hospitality Group, visit https://ir.twinpeaksrestaurant.com/ .
About Twin Hospitality Group Inc.
Twin Hospitality Group Inc. (NASDAQ: TWNP) is a restaurant company that strategically develops and operates and franchises specialty casual dining restaurant concepts with a goal to redefine the casual dining category with its experiential driven brands, Twin Peaks and Smokey Bones. Twin Peaks, known as the ultimate sports lodge, is an award-winning restaurant and sports bar brand with 114 locations across 26 states and Mexico and is known for its made-from-scratch food, 29-degree draft beer, innovative cocktail program and sports on wall-to-wall televisions. Smokey Bones is a full-service, meat-centric restaurant brand and concept with 45 locations, across 15 states specializing in ribs and a variety of other slow-smoked, fire-grilled and seared meats, along with a full bar. For more information, please visit www.twinpeaksrestaurant.com .
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the timing of and expected revenue and EBITDA contribution from the proposed acquisition of restaurants Forward-looking statements generally use words such as “expect,” “foresee,” “anticipate,” “believe,” “project,” “should,” “estimate,” “will,” “plans,” “forecast,” and similar expressions, and reflect our expectations concerning the future. Forward-looking statements are subject to significant business, economic and competitive risks, uncertainties and contingencies, many of which are difficult to predict and beyond our control, which could cause our actual results to differ materially from the results expressed or implied in such forward-looking statements. We refer you to the documents that we file from time to time with the Securities and Exchange Commission, such as our reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of these and other risks and uncertainties that could cause our actual results to differ materially from our current expectations and from the forward-looking statements contained in this press release. We undertake no obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Media Relations:
Erin Mandzik
[email protected]
860-212-6509
