Tilted Kilt Pubs Acquired by ARC Group

11

ARC Group, Inc., a restaurant holding company with a focus on diversified, full service restaurants and brands, announced today that it has entered into an agreement to acquire the Tilted Kilt Pub and Eatery.  ARC Group will acquire all of the assets of Tilted Kilt from SDA Holdings, LLC for $10.  As part of the transaction, it will assume debt of approximately $1.8 million, will assume future payment obligations of approximately $1.5 million, and will issue approximately 1.4 million shares of common stock. Tilted Kilt generated almost $14 million in revenue during 2017.  The closing is expected to occur by the end of the year.

There are currently 34 Tilted Kilt restaurants operating in the United States and 8 additional Tilted Kilt restaurants subject to franchise agreements, for which operations have not yet commenced.  Tilted Kilt restaurants are located in 17 states, including New York, New Jersey, Pennsylvania, Nevada, California, and Texas. The restaurants offer dinner entrees, traditional pub food, hamburgers, and salads made with fresh, quality ingredients, accompanied by full bar service, served up by uniquely kilt-clad wait staff in a lively, Celtic-themed atmosphere with numerous large screen televisions featuring sports programming.

Print Friendly, PDF & Email