K-MAC Holdings Acquires 25 Taco Bell Restaurants

Fort Smith, Arkansas based K-MAC Holdings Corp. has acquired No Limits, LLC, a Missouri-based Taco Bell franchisee that owns and operates 25 Taco Bell restaurants. Rafe Montgomery has owned a controlling interest in No Limits since 1999.

K-MAC is one of the largest Taco Bell franchisees in the U.S. and also operates KFC and Golden Corral restaurants. It currently operates 237 restaurants across the three different brands.  K-MAC is led by President and CEO Sam Fiori and COO Tina Reagan.  Commenting on the acquisition, CEO Fiori said, “Rafe Montgomery has built a first class organization, and we are very excited to have his business become part of the K-MAC family.”  Reagan, COO, also commented, “The No Limits restaurants are both geographically and culturally a perfect fit for K-MAC.”

Montgomery stated, “I am delighted to have completed this transaction with K-MAC.  I’m confident that the business will be in great hands, and will continue to offer high quality service to customers for many years to come.”

K-MAC is owned by Brentwood Associates, a leading Los Angeles-based private equity investment firm, which made its initial investment in K-MAC in March 2011.  “This acquisition allows K-MAC to extend its reach and propel its growth,” said Brentwood Associates Managing Director Rahul Aggarwal.

K-MAC Holdings Corp. is a leading quick-service restaurant franchisee founded in 1964 and headquartered in Fort Smith, Arkansas.  Over K-MAC’s 48 year history, is has grown to become one of the largest franchisee restaurant businesses in the country.  It currently operates 231 YUM! branded restaurants in the Taco Bell and KFC systems, and 6 Golden Corral restaurants.  The company has a regional concentration in the South Central region of the U.S., with restaurants located in Arkansas, Indiana, Illinois, Missouri, Oklahoma, Tennessee and Texas.