Denny’s acquired this local restaurant chain

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

Spartanburg, South Carolina-based Denny’s Corporation (Nasdaq: DENN), the franchisor and operator of the large franchised full-service restaurant chains, has bought Keke’s Breakfast Cafe, a brand of Orlando-based K2 Restaurants Inc.

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Denny’s announced the deal, valued at $82.5 million, during its May 3 first quarter earnings report. The transaction is slate to close later this year.

“Keke’s is a high-growth brand that aligns well with our core competency while providing us with an opportunity to participate in the fast-growing A.M. eatery segment. We intend to utilize the proven capabilities of our franchise-focused business model to develop Keke’s across multiple states with the long-term target of becoming the A.M. eatery franchisor of choice.” said John Miller, CEO of Denny’s, via the earnings report.

Click here to read the full story on the Orlando Business Journal’s website.

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