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Kris Oldenburg, Author at Quality Restaurant Group

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New CEO Named

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December 31, 2021

Quality Restaurant Group, LLC (QRG) today announced that Matt Slaine has stepped down as chief executive officer of QRG. Matt Zeiger, formerly QRG’s chief financial officer, has succeeded him.

“Given QRG has reached significant scale, it is now time for me to turn the day-to-day responsibilities over to Matt Zeiger, our current chief financial officer. Matt has over 25 years of finance, operations, and leadership experience, including 16 years in various operational and finance leadership roles with YUM Brands before joining QRG. I have no doubt with his experience and the time we have worked together that he will be a great operationally focused leader,” Slaine said.

Slaine added, “Building QRG into the leading franchised restaurant business it is today has been a highlight of my career, and I sincerely thank everyone who has helped to make this happen. While I will remain involved going forward in affiliation with the QRG Board of Directors, I look forward to spending more time with my family as well as pursuing numerous passions – including entrepreneurial business opportunities.”

“On behalf of QRG and our restaurant teams, I want to thank Matt Slaine for his leadership and commitment to developing QRG into a great restaurant company. I appreciate Matt’s guidance and partnership during the time we worked together and wish him all the best,” said Matt Zeiger.

Zeiger added, “I also want to thank the QRG Board of Directors for their confidence in my leadership and giving me the opportunity to continue to develop and lead QRG and the restaurant businesses we operate. We have a team of highly experienced and passionate operators ready to run great restaurants and serve the communities in which we operate.”

About QRG
Founded in 2017, QRG owns and operates over 340 restaurants across four concepts and 15 states. We exist to provide great food, exceptional service and to develop service-oriented leaders in every community we serve.

QRG Pizza Hut Franchises To Celebrate Veterans

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[Baltimore, MD (November 11, 2021)]– Local Pizza Hut franchise is grateful for Veterans and wants to celebrate them this Veterans Day.

“We stand with this great nation and thank all Veterans for their sacrifice,” said Matt Slaine, CEO of Quality Restaurant Group. “To show our appreciation, your hometown Pizza Hut will honor Veterans with a free 3-topping Personal Pan Pizza on Veteran’s Day” he continued.

All active-duty military, reservist members of the national guard or military retirees receive a FREE Personal Pan Pizza with up to 3-toppings on November 11, 2021. Available for dine-in (where available) and carryout with valid military ID. Please note that not all Pizza Hut locations participate in the Veteran’s Day program. To find participating locations, log on to www.qualityrestaurantgroup.com.

Quality Restaurant Group was founded in 2017 with a strong focus on developing a world-class multi-branded quick service and fast-casual restaurant franchising business. Our leaders have a vision of becoming QUALITY franchisee entrepreneurs that believe in a QUALITY PEOPLE-FIRST culture that drives an unparalleled spirit of customer service for our guests in our restaurants. QRG owns and operates over 350 restaurants in 15 states across the Pizza Hut, Arby’s, Sonic Drive-In, and Moe’s Southwest Grill brands.

QRG’s Tampa Bay Moe’s Southwest Grill Supports The Heart Gallery

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Tampa, Fla. — (October 28, 2021) — Moe’s Southwest Grill invites Tampa Bay to its 24 area locations to support The Heart Gallery of Tampa during November’s National Adoption Month.
Beginning November 1, all 24 Tampa Bay locations of the fast-casual southwestern restaurant will donate $5 from each nacho, taco or fajita meal kit purchased to The Heart Gallery of Tampa. The nonprofit uses photographic exhibits to introduce foster children to awaiting adoptive families because every story is a piece of “heart.”

Starting in 2005, the Heart Gallery of Tampa captures portraits of children and sibling groups in the area who are looking for their forever families. By partnering with Moe’s during the month of November, The Heart Gallery is able to raise awareness for National Adoption Month. Each participating Moe’s location will also display a portrait of a local foster child.
“The Heart Gallery of Tampa is thrilled to partner with Moe’s to help raise awareness of our children waiting for a place to call home,” said Lindsay Hermida, Executive Director of the Heart Gallery of Tampa. “Moe’s does so many great things in the community and their focus on family makes this a perfect partnership!”

To participate in the fundraiser, select your choice of taco, fajita, or nacho meal kit, which all feed 4-6 people. Each meal kit is made to order and for your whole family to enjoy. With honestly good ingredients like all-natural white meat chicken, grass-fed steak, organic tofu, and handcrafted guacamole, Moe’s offers a wide variety of options to meet guests’ unique tastes and lifestyles. And no matter which kit you select, you are sure to enjoy your meal.

The philanthropic contribution is being coordinated and hosted by the Tampa Bay Cooperative of Moe’s Southwest Grill in partnership with The Heart Gallery of Tampa. Contact the General Manager at your neighborhood Moe’s location for more information on how your organization or charity can partner for its next fundraiser, including meal kit sales and spirit night events. To find the participating Moe’s Southwest Grill nearest you, please visit locations.moes.com.

About The Heart Gallery of Tampa
Through photographic exhibits, the Heart Gallery of Tampa introduces the community to foster children awaiting adoptive families. They provide a platform to inspire our community to improve their quality of life and connect them with Forever Families. Heart Gallery children represent those in foster care who need additional support in finding families due to factors of age, race, those part of large sibling groups, and children with special needs.

About 100 children are featured in Tampa’s Heart Gallery each year. This tool has demonstrated unprecedented success for children who have languished in care, historically hidden from the public eye. Since 2005, 688 children have been served by the Heart Gallery of Tampa, with 300 children adopted to their Forever Families. Learn more at https://heartgallerytampa.org

Quality Restaurant Group Takes Top Spot at FAST 50 Awards by Triad Business Journal for 2021

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Greensboro, NC October 8, 2021 – Quality Restaurant Group (QRG) was presented with the prestigious Fast 50 Award on October 7, 2021 and was ranked as the number 1 fastest growing company in the Triad region of North Carolina.  The Triad Business Journal’s Fast 50 Awards program celebrates the successes of private businesses and the teams that make it happen.

“I am proud of all the team has accomplished the past few years” said Matt Slaine, Chief Executive Officer.  “We have created a platform that has enabled us to grow organically and inorganically and build the core foundation of a great company for many years to come. Most importantly this honor goes to our operations teams in the field who keep the lights on and create great experiences for all of our customers. These team members have worked tirelessly every day through the pandemic, continuous supply chain disruptions, unprecedented labor market tightness, and many other obstacles they turned into opportunities.”

To be eligible for Fast 50, companies had to be private, for-profit companies with U.S. headquarters based in the Triad. They must also have completed three full fiscal years, with at least $2 million in revenue in 2020.

“QRG’s growth has been exceptional considering the unprecedented challenges faced by our operations teams everyday” said Matt Zeiger, Chief Financial Officer. “We are fortunate to have four iconic brands led by experienced teams with an unrivaled spirit of tenacity. I am grateful for the opportunity to be a part of the QRG story and help create a platform for continued growth”.

“The entire team, from our restaurants to our Restaurant Support Center, has worked tirelessly on not only building the business during these unprecedented times but creating a highly desirable employee experience by embracing our People First culture” said Nicole Hethcox, Vice President of People Services and Human Resources. “It is such an honor for QRG to be recognized for growth.  I feel very fortunate to be part of QRG and for having the opportunity to serve and support all our restaurants.”

Quality Restaurant Group was founded in 2017 with a strong focus on developing a world-class multi-branded quick service and fast casual restaurant franchising business. Our leaders have a vision of becoming QUALITY franchisee entrepreneurs that believe in a QUALITY PEOPLE-FIRST culture that drives an unparalleled spirit of customer service for our guests in our restaurants. QRG owns and operates over 350 restaurants in 15 states across the Pizza Hut, Arby’s, Sonic Drive-In, and Moe’s Southwest Grill brands.

Want to join our rapidly growing company? Learn more about us and check out our open positions

QRG Top 50 Award Winner

United Way of Western Nebraska Receives $10,200 Grant from Arby’s Foundation

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September 10, 2021

FOR IMMEDIATE RELEASE

For more information contact: Stephanie Black, Executive Director
United Way of Western Nebraska
308-635-2522

United Way of Western Nebraska Receives $10,200 Grant from Arby’s Foundation-
Scottsbluff- United Way of Western Nebraska (UWWN) recently received a $10,200 grant from Arby’s Foundation to help fight hunger in the communities they serve.

Food insecurity remains a huge issue in our communities and has been a main focus of UWWN’s community impact work for years. For seven years United Way facilitated an annual food packaging event where 225 community volunteers packaged 75,000 meals of shelf-stable, microwaveable, fortified meals that stayed in our communities and was distributed through 14 programs serving food insecure families. Arby’s has been one of many long-time partners and supporters of this community project and initiative.

Last year due to COVID-19, UWWN was unable to hold the in-person packaging event but was able to monetarily support the 14 programs normally supported through these efforts. These programs include 5 local school district weekend food backpack programs, local soup kitchens, food pantries and emergency food programs.
The dollars that UWWN raises to support these projects and programs are raised by grants and donations specific to food insecurity. This funding allows those programs to be able to purchase food items specific to the needs of the clients they serve for several months.

This year’s UWWN Food Insecurity Projects will include supporting 17 local programs serving food insecure families, as well as hosting a few emergency food bag packaging pantry events.

For more information, call 308-635-2522. Donations specific to this project can be mailed to or dropped off at the United Way office -1517 Broadway Suite #106 Scottsbluff, NE 69361. (Please note these donations: 2021 Food Insecurity Project)

Pictured- l to r – Aimee Rice (Arby’s), Steph Black (United Way), Jessica Evans (Arby’s)

QRG Acquires Two Additional Quality Fresca (D/B/A Moe’s Southwest Grill Restaurants) Locations in Florida

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Greensboro, NC – (August 4, 2021) – Today, Quality Restaurant Group (QRG) announced the acquisition of 2 Moe’s Southwest Grill Restaurant location in the Ft. Myers, Florida region. The restaurants and real estate will be run by the Quality Fresca division of Quality Restaurant Group, formed exclusively to own and operate a best-in-class Moe’s Southwest Grill franchisee group and related real estate. Over the past two years QRG has grown by over 110% and added approximately 150 restaurants including new Pizza Huts, Arby’s and Sonic Drive-Ins restaurants in addition to the recently acquired Moe’s stores. The company is now one of the nation’s largest multi-unit franchisee organizations with operations in 15 states.

Chris Grooms, Vice President of Quality Fresca commented “We are excited to bring in these additional Moe’s locations to our portfolio. We welcome the new employees in North Port and Ft. Myers, Florida, and are excited about their future with us. We plan to operate exceptionally well in these locations and run them as best in class Moe’s Southwest Grill Restaurants. We also look forward to working with the Moe’s corporate team to make investments in the brand.”

According to Matt Slaine, CEO of Quality Restaurant Group, “I am excited to continue to grow our business under the leadership of Chris and his team and to grow the partnership with Moe’s and Focus Brands. We believe in the Moe’s brand now more than ever and the future is bright. This acquisition takes us to over 100 restaurant locations in the state of Florida.”

“We strive for operational excellence and it is my hope that these stores benefit from the data, analysis, and analytical rigor we employ at QRG. This is a major opportunity for us as an organization,” said Matt Zeiger, Chief Financial Officer. “I am looking forward to working with these restaurants to serve our customers and the brand better.”

Nicole Hethcox, VP of People Resources, commented, “Over the past few years since its founding, Quality Restaurant Group has continuously reinvested in its employees, assets, and communities. The Company strives to be an employer of choice both in its Greensboro, North Carolina Restaurant Support Center as well as in each of its local communities. Through programs such as discounted or free meals to its employees, tuition reimbursements, and unlimited career opportunities, QRG attracts and retains the very best employees.”

For more information on Quality Restaurant Group, including Quality Fresca, visit www.qualityrestaurantgroup.com.
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Quality Restaurant Group
Quality Restaurant Group, LLC is based in Greensboro, North Carolina and was founded with a strong focus on developing a world-class multi-branded quick service and fast casual franchising business. The company’s leadership have a vision of becoming QUALITY franchisee entrepreneurs that believe in a QUALITY PEOPLE-FIRST culture that drives an unparalleled spirit of customer service for our guests in our restaurants. The company owns and operates 69 Moe’s Southwest Grill restaurants in Florida, South Carolina, Virginia, Maryland and District of Columbia; nearly 200 Pizza Hut restaurants in Illinois, Indiana, Maryland and Pennsylvania; 27 Arby’s locations in Colorado, Montana, Nebraska, Wyoming and South Dakota; 76 Sonic Drive-in restaurants in Florida and Alabama. Check out www.qualityrestaurantgroup.com for more information.

Media Contacts:
Media and Press Inquiries: Curich Weiss
John Weiss John@Curichweiss.com

Quality Restaurant Group Acquires 12 Sonic Drive-In Locations in Jacksonville, Florida Region

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Greensboro, NC – (July 27, 2021) – Today, Quality Restaurant Group (QRG) announced the acquisition of 12 Sonic Drive-In locations in the greater Jacksonville, Florida region. The restaurants and real estate will be run by the Quality Drive-In division of Quality Restaurant Group, formed exclusively to own and operate a best in class Sonic Drive-In franchisee group and related real estate. Over the past two years QRG has grown by over 110% and added approximately 150 restaurants including new Pizza Huts, Arby’s and Moe’s Southwest Grill restaurants in addition to the recently acquired Sonic Drive-In stores. The company is now one of the nation’s largest multi-unit franchisee organizations with operations in 15 states.

Jason McNeill, Vice President of Quality Drive-In commented “We are excited to bring in these additional Sonic Drive-In locations to our portfolio. We welcome the new employees in Florida and are excited about their future with us. We plan to make significant capital improvements in these locations and operate them as best in class Sonic Drive-Ins in the state of Florida. We also look forward to building additional Sonic locations in the greater Jacksonville area in the very near future.”

According to Matt Slaine, CEO of Quality Restaurant Group, “I am excited to continue to grow our business under the leadership of Jason and his team and to grow the partnership with Sonic and Inspire Brands. We believe in the Sonic brand leadership and are excited about all of the future opportunity and growth for this brand. This acquisition takes us to approximately 100 restaurant locations in the state of Florida.”

“This is a major opportunity for us as an organization. We strive to be operational leaders and use data to grow and make decisions,” said Matt Zeiger, Chief Financial Officer. “I am looking forward to working with these restaurants in Jacksonville to serve our customers and the brand better.”

Nicole Hethcox, VP of People Resources, commented, “Over the past few years since its founding, Quality Restaurant Group has continuously reinvested in its employees, assets, and communities. The Company strives to be an employer of choice both in its Greensboro, North Carolina Restaurant Support Center as well as in each of its local communities. Through programs such as discounted or free meals to its employees, tuition reimbursements, and unlimited career opportunities, QRG attracts and retains the very best employees.”

For more information on Quality Restaurant Group, including Quality Drive-In, visit www.qualityrestaurantgroup.com.
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Quality Restaurant Group
Quality Restaurant Group, LLC is based in Greensboro, North Carolina and was founded with a strong focus on developing a world-class multi-branded quick service and fast casual franchising business. The company’s leadership have a vision of becoming QUALITY franchisee entrepreneurs that believe in a QUALITY PEOPLE-FIRST culture that drives an unparalleled spirit of customer service for our guests in our restaurants. The company owns and operates 67 Moe’s Southwest Grill restaurants in Florida, South Carolina, Virginia, Maryland and District of Columbia; nearly 200 Pizza Hut restaurants in Illinois, Indiana, Maryland and Pennsylvania; 27 Arby’s locations in Colorado, Montana, Nebraska, Wyoming and South Dakota; 76 Sonic Drive-in restaurants in Florida and Alabama. Check out www.qualityrestaurantgroup.com for more information.

Media Contacts:
Media and Press Inquiries: Curich Weiss

Quality Restaurant Group Adds Two Additional Sonic Drive-In Restaurants

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Greensboro, NC (June 2, 2021) – Quality Restaurant Group, one of the country’s largest and fastest growing quick service and fast casual restaurant franchise owners, announced the acquisition of two additional Sonic Drive-In locations this week. Quality Restaurant Group operates its wholly owned Sonic subsidiary as Quality Drive-In.

The additional restaurants are located in Demopolis and Livingston, both in Alabama. Quality Drive-In now comprises 64 Sonic locations across Alabama and Florida.

Jason McNeill, Vice President of Quality Drive-In commented “We are excited to bring in two additional Sonic Drive-In locations to our portfolio. We welcome the new employees in Demopolis and Livingston and are excited about their future with us. We plan to make significant capital improvements in these locations and operate them as best in class Sonic Drive-Ins in the state of Alabama.”

According to Matt Slaine, CEO of Quality Restaurant Group, “I am excited to continue to grow our business under the leadership of Jason and his team and to grow the partnership with Sonic and Inspire Brands. We believe in the Sonic brand leadership and are excited about all of the future opportunity and growth for this brand.”

The two restaurants will host grand reopening celebrations the week of June 7th and will strive to be great contributors to the towns of Demopolis and Livingston. The entire team at Quality Restaurant Group looks forward to supporting the growth of our teams in these new locations.

Quality Restaurant Group is based in Greensboro, North Carolina, employs more than 9,000 people and is the parent company for Quality Huts, Quality Fresca, Quality Meats and Quality Drive-In.

For more information on Quality Restaurant Group, visit www.qualityrestaurantgroup.com.

Media and Press Inquiries: Curich Weiss
John Weiss John@Curichweiss.com

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Quality Restaurant Group
Quality Restaurant Group, LLC is based in Greensboro, North Carolina and was founded with a strong focus on developing a world-class multi-branded quick service and fast casual franchising business. The company’s leadership have a vision of becoming QUALITY franchisee entrepreneurs that believe in a QUALITY PEOPLE-FIRST culture that drives an unparalleled spirit of customer service for our guests in our restaurants. The company owns and operates 67 Moe’s Southwest Grill restaurants in Florida, South Carolina, Virginia, Maryland and District of Columbia; nearly 200 Pizza Hut restaurants in Illinois, Indiana, Maryland and Pennsylvania; 27 Arby’s locations in Colorado, Montana, Nebraska, Wyoming and South Dakota; 64 Sonic Drive-in restaurants in Florida and Alabama. Check out www.qualityrestaurantgroup.com for more information.

Quality Restaurant Group featured in Franchise Times as a Dealmaker of the Year 2021

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Quality Restaurant Group and GenRock Capital, led by two men in their mid-30s who are “great, great” friends and started just three years ago, acquired 62 Sonic Drive-In restaurants and 23 real estate parcels in Florida and Alabama from Buddy McClain’s MVP Sonics operation. McClain retains his holdings in Mississippi.

That followed the purchase of 27 Arby’s stores from Bentley Miller Corp. in September 2019, and the purchase of 67 Moe’s Southwest Grill stores from four different franchisees, in March 2020.

“This is our 10th transaction in the past two years and our sixth transaction in the past 12 months,” said Matt Slaine, the 37-year-old CEO of QRG. “And we’ve bought almost entirely family businesses, so we’ve gotten really good at understanding the dynamics of a family business and positioning ourselves as a buyer of choice.”

In the past year, QRG expanded its restaurant portfolio by 75 percent and added about 150 restaurants in the Pizza Hut, Arby’s and Moe’s brands. Based in Greensboro, North Carolina, it owns 345 restaurants and has 10,000 employees in 15 states. The Sonic acquisition fulfills a wish for a burger brand.

“Sonic was just a brand we admired and one that happens to have done very, very well in this COVID time period,” said Slaine. “Getting a deal done through a pandemic was interesting and challenging in its own ways, but we kind of persevered over the last nine months” and closed in October.

GenRock Capital Management, the private equity fund backing Quality Restaurant Group, was started in 2017 by Matt Ailey, a friend of Slaine for the past 15 years. In 2018, Slaine decided to join Ailey to head up Quality Restaurant Group, the operating arm of the partnership.

Ailey, 34, was working for Corvex, a hedge fund that was the largest shareholder of Yum Brands at the time, Slaine said. “His whole idea was, we’re in a pretty unique time in the quick-service business where there’s just an abundance of family businesses that are ready to be monetized,” Slaine said, at the same time franchisors were looking to consolidate. “It was a unique time to raise capital.”

The first fund raised $100 million from institutional investors, mainly family offices. “We upsized the fund over the summer to $130 million,” Slaine said, “because our investors realized the opportunity we have. I can’t compliment our investors enough—two years later their willingness to come back to the table and add $30 million during COVID.”

Ailey acknowledged that closing 10 acquisitions over a three-year-period “is kind of a big splash,” but he downplays the track record. “I look at it as, we’re doing our job. You raise a fund, you have to deploy it. It’s a lot different to have a design or a plan and actually go and execute on it,” Ailey said. “It’s not just buying restaurants, it’s actually building a company,” which is where Slaine’s ability comes in. “It’s one thing to buy restaurants, but if you can’t operate the assets, then you don’t really have that much.”

 

https://www.franchisetimes.com/franchise_times_cover_stories/backed-by-genrock-quality-restaurant-group-makes-m-a-splash/article_aff24ca6-8cb4-11eb-8565-6ffbb8e7edf3.html