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Citizens Advises on Sale of 48 Arby’s locations in Washington, Oregon and Southern California

June 09, 2023, 07:12 AM
Filed Under: Restaurant

Trinity Capital, a division of Citizens Capital Markets, served as the exclusive financial advisor to a California-based franchisee group managed by the Lutfi Family on the sale of 48 Arby’s restaurants located in Washington, Oregon and Southern California. The restaurants were acquired by Luke Pisors, who once served as the regional vice president for the Arby’s brand. Pisors, through his Vancouver, WA-based company, Ambrosia QSR Beef, LLC, will operate the acquired locations, along with other restaurants they control with affiliated companies.

“Citizens is a partner committed to helping clients achieve their goals and, in this case, we were able to negotiate a way for the Lutfi family to remain involved firsthand with Arby’s by retaining the operations of a key location in their hometown,” said David Stiles, managing director at Trinity. “Tony (Lutfi) has been associated with Arby’s for more than 35 years and is extremely passionate about helping the brand and his fellow franchisees. The Lutfi family intends to focus on passive investments in the near future while serving their own community in Elk Grove, CA.”

Tony Lutfi said: “My family and I want to offer our warmest wishes to Ambrosia QSR, along with their team and partners. I also want to recognize the entire team of Trinity for having the patience in working with us to achieve this outcome; always handling matters with the highest standards of integrity and diligence. I cannot say enough for the appreciation we have for David’s advice and counsel.”

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