US Beef Corporation

The Cypress Group (“Cypress”) served as Exclusive M&A Advisor to United States Beef Corporation (“US Beef”) in the sale of its Arby’s business and related real estate to RB American Group, LLC (“RB American”), an affiliate of Flynn Restaurant Group, LLC (“FRG”). This transaction involved the sale of 368 Arby’s locations in nine states in the Midwest and Northwest United States, making it one of the largest franchisee sale transactions on record.

US Beef, founded in 1969 by the Davis family and based in Tulsa, Oklahoma, was the largest Arby’s franchisee and a longtime system leader prior to its sale to FRG. It was ranked No. 21 on Franchise Times’ 2018 Top 200 List of Restaurant Operators.

“The Cypress Group did a tremendous job advising us on the sale of our Arby’s business. Dean Zuccarello, Dan Collins, and the rest of the Cypress team were instrumental in helping us complete this large and complex transaction. Their guidance from initial discussions to closing was key to finalizing and ultimately completing this transaction with FRG. I would like to extend my sincerest thanks to Dean and Dan for their expertise, advice, and perspective – both were crucial to the ultimate success of this transaction. We truly could not have done it without them.”

- Jeff Davis, Chairman and John Davis, CEO - US Beef

FRG was ranked No. 1 on Franchise Times’ 2018 Top 200. With the acquisition of US Beef, FRG becomes Arby’s largest franchisee, now operating over 1,200 restaurants in four national brands, and is one of the Top 20 foodservice companies in the United States.

Cypress provided strategic guidance, valuation services, identification of potential buyers, and deal term structuring and negotiation for US Beef Corporation.