Midwest franchisee Guernsey Holdings has acquired 20 Zaxby’s restaurants throughout South Carolina. 

Guernsey teamed together with existing management, Candice Anderson and Chad Ham, to buy the restaurants from licensees Jim and Britt Poston, who founded the company 27 years earlier. National Franchise Sales, a merger and acquisition consultancy for US franchise restaurant resales, represented Performance Management Group in the sale of the restaurants.

“We have particular expertise in building multi-unit franchised restaurant platforms and then driving growth. We look forward to leveraging that experience to continue Zaxby’s success,” said Mike James, founder & CEO of Guernsey Holdings. 

With more than $2.4 billion in system-wide sales and 922 outlets, Zaxby’s is one of the top quick-service restaurant brands in the US that specializes in chicken. 

Performance Management Group was one of the first licensees of the Zaxby’s brand in 1997. 

Further reading: SpartanNash buys three-store Wisconsin chain Metcalfe’s Market.