Krystal, a southern fast-food icon with a successful eighty-year history, recently announced that it has been sold to Argonne Capital Group LLC, a private investment firm headquartered in Atlanta.
With more than 6,000 employees and a total of 360 locations across the South, Krystal is a recognized player in the region’s fast food franchising market. Known for its small burgers and big taste, Krystal consistently outperforms the marketplace in quick-service sandwich traffic. The chain has experienced a period of significant growth in recent years, opening 10 new company-owned locations in 2011 with continued expansion planned for 2012.
“Finding the right owner, one that will continue to uphold the qualities of the Krystal brand that have made it a Southern icon, has been an important part of this transition,” says Krystal president and CEO Fred Exum.