When did Checkers Holdings complete its merger with Burger Bossco, Inc.?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
On April 25, 2017, Checkers Holdings completed a merger with Burger Bossco, Inc., a Delaware corporation and a wholly owned subsidiary of Burger BossCo Intermediate, Inc., a Delaware corporation ("Parent"), with Checkers
Holdings surviving the merger. On June 16, 2023, we entered into a recapitalization agreement (the "Recapitalization Agreement") under which our former parent company, Burger BossCo Holdings Inc., a Delaware corporation ("BossCo Holdings") transferred its interest in Parent and Checkers Holdings, Inc., a Delaware corporation to Checkers Topco, LLC, a Delaware limited liability company ("New Parent").
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 9–14)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, Checkers Holdings completed a merger with Burger Bossco, Inc. on April 25, 2017. Burger Bossco, Inc. was a Delaware corporation and a wholly-owned subsidiary of Burger BossCo Intermediate, Inc., also a Delaware corporation. Following the merger, Checkers Holdings was the surviving entity.
This merger is significant for prospective franchisees as it provides insight into the ownership and corporate structure of Checkers. Understanding the parent companies and their relationships can help franchisees assess the financial stability and strategic direction of the franchise system. The involvement of entities like Burger Bossco, Inc. and Burger BossCo Intermediate, Inc. indicates a history of corporate restructuring and potential changes in leadership or business strategies.
It's also important to note that on June 16, 2023, there was a recapitalization agreement where Burger BossCo Holdings Inc. transferred its interest in Parent and Checkers Holdings, Inc. to Checkers Topco, LLC. This further illustrates the evolving ownership structure and highlights the importance of staying informed about any future changes that could impact the franchise system. Prospective franchisees should inquire about the implications of these changes and how they might affect the operations and support provided by Checkers.