A few weeks after BurgerFi and Anthony’s Coal Fired Pizza and Wings sold assetsto TREW Capital, the companies are again in new hands.
Happy Asker, the founder of Happy’s Pizza, Savvy Sliders and Fat Boy’s Pizza, has taken ownership of BurgerFi after receiving court approval on Friday, Dec. 13. Jessica and Kuljeet Singh, who also operate Burger King and Round Table Pizza restaurants in the Pacific Northwest, acquired Anthony’s last week.
BurgerFi International, Inc., owner of the BurgerFi and Anthony’s Coal Fired Pizza & Wings brands, filed for bankruptcy protection earlier this year in the U.S. District Court for the District of Delaware.
Trew Capital Management Private Credit 2, owned by former BBQ Holdings CEO Jeff Crivello who previoulsy bought Rubio’s out of bankruptcy for $40 million, received court approval on Nov. 8 to acquire BurgerFi’s $10 million assets and Anthony’s $44 million, assuming some liabilities, according to a Securities and Exchange Commission form 8-K filed.
Trew has since sold BurgerFi to Asker and Anthony’s to Jessica and Kuljeet Singh, respectively.
“We are thrilled to announce the acquisition of BurgerFi by Happy Asker and his family, seasoned operators with a deep understanding of franchising,” said Steve Lieber, who has led development for BurgerFi for the past several years and will continue in that role.
“With 54 Savvy Sliders, 60 Happy’s Pizza and nine Fat Boy’s Pizza locations, their proven expertise in multi-brand growth is unmatched,” he said in an email to FastCasual. “Their 24/7/365 support and powerful purchasing power ensure that franchise partners’ profitability remains the top priority. Together, we are committed to the strategic growth of all brands, driving continued success and profitability for our franchise partners.”
Carl Bachmann, who has been serving as BurgerFi CEO since 2023, will lead Anthony’s, according to email to FastCasual.
BurgerFi has over 1r0 locations; Anthony’s has nearly 50.
