Durational Capital Management LP, New York, and The Jordan Co. L.P., New York, acquired Bojangles’, Inc., which will operate as an independent, privately-held company and will remain based in Charlotte, N.C.
“We are pleased to have successfully completed this transaction in partnership with Bojangles’ and The Jordan Co.,” says Eric Sobotka, managing partner at Durational Capital Management. “We are excited to begin working with the Bojangles’ team, employees and franchisees to execute a long-term growth strategy that will fully realize the strong potential of the iconic Bojangles’ brand.”
“We believe the completion of this acquisition represents an exciting next chapter for Bojangles’. As a private company and with ours and Durational’s support, Bojangles’ will be able to further strengthen its operations while expanding its brand and market presence,” adds Ian Arons, partner at The Jordan Co.
The company also announced the addition of two key executives to its leadership team.
Jose Armario will lead the brand as new chief executive officer, and Brian Unger was named chief operating officer.
“I am thrilled to be joining the incredibly talented and hardworking team members at Bojangles’,” says Armario. “What this company and its franchise partners have accomplished over the last four decades is simply amazing. I have visited lots of Bojangles’ restaurants across the system where our dedicated team members are serving the highest quality, best-tasting food in the industry, and I look forward to being part of the exciting future that lies ahead for the Bojangles’ brand.”