Pizza Hut

Flynn Restaurant Group Acquires More Than 900 Pizza Hut Stores

Adding 937 Pizza Hut stores and 194 Wendy's locations, Flynn will nearly double its restaurant count with the acquisition.

  • Flynn has acquired 937 Pizza Hut locations nationwide from NPC International, which filed for Chapter 11 bankruptcy last year.
  • Flynn’s subsidiaries will now include the largest Pizza Hut franchisee in the nation, as well as the largest Applebee’s and Arby’s franchisees, plus 194 Wendy’s stores.

Related: Pizza Hut’s largest franchisee files for Chapter 11 bankruptcy

Flynn Restaurant Group, the largest franchise operator in America, has acquired 937 Pizza Hut locations throughout the U.S., along with 194 Wendy’s stores, from Kansas City-based NPC International, which filed for Chapter 11 bankruptcy last year and emerged from the process in February.

With a portfolio that already includes Applebee’s, Panera BreadTaco Bell and Arby’s, the newly acquired Pizza Hut and Wendy’s restaurants will further Flynn’s goal of diversification between premier brands and segments within the restaurant industry, according to a press release. The transaction was supported by long-term partners Main Post Partners and Ontario Teachers’ Pension Plan Board.

Flynn Restaurant Group will nearly double its restaurant count as a result of this acquisition, now owning and operating a combined total of 2,355 quick-service, fast-casual and casual dining restaurants, generating $3.5 billion in sales and employing 73,000 people in 44 states, the company said.

Flynn’s subsidiaries include the largest Applebee’s franchisee, the largest Arby’s franchisee, the second largest Panera Bread franchisee, and the third largest Taco Bell franchisee. These have now been joined by the largest Pizza Hut franchisee and the fifth largest Wendy’s franchisee.

“We are excited to announce the addition of Pizza Hut and Wendy’s to our portfolio,” said Greg Flynn, founder, chairman and CEO of Flynn Restaurant Group. “They bring with them a wonderful team of dedicated operators and support personnel, who we welcome whole-heartedly into the Flynn family. Further, both Pizza Hut and Wendy’s are deeply established as leading concepts in their sectors, and our entry into their systems furthers our goal to operate at scale in top-tier brands.”