Los Angeles-based FAT Brands Inc. has completed the acquisition of Hurricane Grill & Wings for $12.5 million.
Hurricane Grill & Wings is based in West Palm Beach and has more than 50 franchise locations nationwide. Its new Los Angeles-based parent (Nasdaq: FAT) secured the deal for $8 million in cash and $4.5 million of preferred stock. FAT Brands acquires, markets and develops fast-casual and casual dining restaurants concepts.
"We remain committed to asset-light growth through our combination…
