Alexandria-based Shelton Restaurant Group LLC will acquire 29 Popeye’s restaurants in the Lafayette area using $30 million from GE Capital, Franchise Finance, according to the lender.
“We chose to work with GE Capital because of their industry knowledge and ability to execute on large transactions,” Mike Shelton, president of Shelton Restaurant Group said in a news release. “We are excited about this acquisition and GE Capital helped make it possible.”
The deal will give Shelton 30 Popeye’s restaurants in Louisiana and Texas.
GE Capital, Franchise Finance specializes in loans to the franchise market.