BKNO Srl, a company of the Blooming Group, today one of the leading franchise operators of the Burger King network in Italy, has finalized the acquisition of G&P Company Srl and adds to its 18 restaurants another 3 locations in the province of Verona, bringing the total to 21 establishments managed in Italy.
G&P Company is a historic affiliate in Italy of the American burger brand with 3 Burger King restaurants active for ten years in the Veronese area. The acquisition allows BKNO to consolidate its presence in Veneto and to look at new developments in the Northeast Italy area.
Established in 2017, BKNO has reached a leading position in Northern Italy in less than 5 years, marking one of the fastest development paths for the Burger King brand. The results achieved so far represent the starting point for a new season of investments and further growth, especially through new openings.
Davide Canavesio, Founder and CEO of the Blooming Group, commented: “We are excited about this significant acquisition operation; after the one carried out with Arilica last year, we are completing a new operation aimed at the growth of BKNO, which reflects our confidence in the Burger King brand and its prospects for future development. We believe in the brand both in terms of development plans and its commitment to ESG values, which are also a fundamental element in our corporate policy. We are confident that this operation will contribute to supporting Burger King’s growth objectives in our country, sharing its vision of a sustainable, responsible, and successful future.”
Maurizio Cimmino, Founder and Executive Vice President of the Blooming Group, commented: “This operation further strengthens our presence in Veneto, a region that we consider very interesting for the brand, where we already operated with 2 Burger King restaurants. Today we begin the integration process into BKNO of the 3 new acquired restaurants, which as always will be carried out following our philosophy: people at the center and perfect operations.”
BKNO was assisted by the Dentons Law Firm for due diligence activities, contracts, and all legal aspects of the operation, while Deloitte conducted the financial and accounting due diligence. Blooming thanks all the Professionals for their support in this important acquisition.
