FAT (Fresh. Authentic. Tasty.) Brands Inc., Los Angeles, acquired Elevation Burger, Falls Church, Va., for $10 million. With the acquisition of Elevation Burger, FAT Brands now franchises more than 400 restaurants worldwide with annual system-wide sales exceeding $400 million.
Elevation Burger was conceived as a grass-fed, free-range option that’s better for consumers and for the environment. Elevation Burger franchises 44 locations across the United States and internationally. Utilizing FAT Brands' vast expertise and resources, the acquisition is set to propel Elevation's forthcoming expansion, both globally and domestically.
“Elevation Burger's slogan 'Ingredients Matter' aligns well with FAT Brands' commitment in providing guests with fresh, authentic, tasty food,” says Andy Wiederhorn, president and CEO of FAT Brands. “We are thrilled to partner with the brand in this next chapter as they expand domestically and internationally and offer more consumers their organic, free-range, grass-fed offerings.”
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