On April 1st, 2024, Florida Pop, LLC (“Florida Pop” or the “Company”) a portfolio company of Sun Holdings Inc. (“Sun Holdings”), closed the sale of a ~50-unit Popeyes franchisee to TICE Florida Chicken Holdings, LLC (“TICE”) a portfolio company of AIM Capital (“AIM”).

Kroll’s Consumer & Restaurant Investment Banking Practice served as exclusive sell-side M&A advisor to Florida Pop, LLC and Sun Holdings Inc. in connection with the transaction.

About Florida Pop, LLC

Florida Pop is a ~50-unit carve-out of a larger Sun Holdings Inc. platform, Pronto Holdings, LLC, which includes 229 Arby’s, 137 Burger King, and 125 additional Popeyes units. Florida Pop is a leading franchisee in the Popeyes system, a global category leader with a rich 50+ year history driven by strong value proposition, exceptional brand recognition and consumer loyalty. 

About Sun Holdings, Inc.

Sun Holdings is a multi-brand holding company, based in Dallas, Texas that owns and operates over 1,200 units in multiple U.S. states. Sun Holdings has a major presence in nine distinct concepts, many of which are in the restaurant segment. Brands that it owns and operates include Burger King, Popeyes, Arby’s, McAlister's, IHOP, Applebee's, Papa Johns, Taco Bueno, and several airport restaurant outlets.

About AIM Capital

AIM Capital is a private equity group located in Coconut Grove, Florida that makes both control and non-control investments in high-growth companies. AIM Capital seeks to create synergy between its investments in order to develop transformational platforms, with the goal of creating long-term value by partnering with leadership teams. AIM recently acquired 17 Popeyes restaurants in the Georgia and Alabama markets.