Buffalo Wild Wings

Casual dining chain Buffalo Wild Wings has been acquired by fast-food chain Arby's.

Arby's, with 21 locations in Louisiana, has completed its $2.4 billion deal to buy Buffalo Wild Wings, with 17 Louisiana restaurants.

A new company named Inspire Brands was created to run the chains, plus a small chain with about 30 locations called R Taco.

Arby's had announced in November that it would buy Buffalo Wild Wings. When debt is included, the companies value the deal at $2.9 billion.

Arby's, known for its meaty sandwiches, has more than 3,400 restaurants; Buffalo Wild Wings has more than 1,200.

At Buffalo Wild Wings, which serves chicken wings in a sports bar atmosphere, a key sales figure has fallen in the past two quarters.

Buffalo Wild Wings has two locations each in Baton Rouge and Lafayette, and one each in Gonzales, Hammond, Algiers, Metairie, Elmwood, Slidell, Covington, Houma, Lake Charles, Alexandria, Shreveport, Bossier City and West Monroe.

Arby's has one location each in Denham Springs, Port Allen, Hammond, Lafayette, Breaux Bridge, Houma, Mandeville, Metairie, Bossier City, Greenwood, Haughton, Iowa, Leesville, Minden, Monroe, Pineville, Richmond, Ruston and Vinton, and two in Shreveport.

Several casual restaurant chains, including Buffalo Wild Wings, have been taken private recently as they lose customers to cheaper and faster chains. Another sit-down chain, Ruby Tuesday, was bought by private equity firm NRD Capital last year.

Inspire Brands, which is controlled by private equity firm Roark Capital, is based in Atlanta. Roark also has investments in other chains, including Hardee's, Auntie Anne's, Carl's Jr., Cinnabon, Jimmy John's, Naf Naf Grill, Schlotzsky's and Culver's.

Inspire Brands said it will have total sales of more than $7.6 billion a year. Arby's CEO Paul Brown will have the same title at the new company.

Editor's Note: This story was changed Feb. 6, 2018, to remove Wingstop from the current list of Roark's restaurant brands.