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Citizens Advises CLC Northwest on Sale of 24 Taco Bell Restaurants

October 14, 2021, 07:35 AM
Filed Under: Franchise Finance

Trinity Capital, a division of Citizens Capital Markets, served as the exclusive financial advisor to CLC Northwest, Inc., and affiliates, a Taco Bell and KFC franchisee with 43 restaurants in Washington, Idaho and Montana. CLC Northwest sold its 18 Eastern Washington and six Billings, Montana, area Taco Bell restaurants, including the underlying real estate at seven locations.

Craig Langel, owner of CLC Northwest, Inc., said: "I have used Trinity for M&A advisory services for many years, so when my wife, Ellen, and I decided to sell some of our restaurants, my first call was to Trinity. They designed and executed a sale process that accomplished our goals in a smooth, efficient transaction. We care deeply for our employees and wanted to ensure that the new owner shared our values. We were able to achieve a premium value for our business while also ensuring our people would be taken care of going forward. I would highly recommend Trinity to anyone thinking about selling their business."

Aaron Edwards, vice president at Trinity Capital, said: "We are pleased to deliver an outcome that exceeded expectations for a longtime client."

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