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Displaying items tagged: Meritage Hospitality Group Inc

Wednesday, 21 December 2022 15:08

Meritage inks deal for portfolio of 43 Midwest Wendy’s stores

GRAND RAPIDS — Franchise restaurant operator Meritage Hospitality Group Inc. is expanding its portfolio of Wendy’s restaurants with a deal to acquire a group of restaurants in the Midwest. 

Published in Food/Agribusiness
Sunday, 31 July 2022 18:38

MiBiz Growth Report: Aug. 1, 2022

Here is the MiBiz Growth Report for August 1, 2022:

Published in Economic Development
Thursday, 14 July 2022 09:52

Meritage acquires 6 Wendy’s locations in Florida

GRAND RAPIDS — Restaurant operator Meritage Hospitality Group Inc. is expanding its holdings in Florida with a deal to acquire six Wendy’s locations in Jacksonville. 

Published in Food/Agribusiness

Sunday, 10 April 2022 18:31

MiBiz Growth Report: April 11, 2022

Here is the MiBiz Growth Report for April 11, 2022.

Published in Economic Development
Sunday, 14 March 2021 16:30

West Michigan restaurants bend categories to survive tumultuous 2020

Jeff Lobdell’s portfolio of restaurants took a nearly 40-percent hit to its top line revenue during a COVID-19 pandemic-rattled 2020 that took a hefty toll on the hospitality industry.

Published in Food/Agribusiness
Thursday, 08 October 2020 16:31

Meritage reports Q3, year-to-date sales growth

GRAND RAPIDS — Despite the uncertainty that has accompanied 2020, Grand Rapids-based franchise operator Meritage Hospitality Group Inc. reported an increase in sales for both the third quarter and the nine months that ended Sept. 27.

Published in Food/Agribusiness

Tuesday, 12 May 2020 16:35

Meritage declines $29.1 million in PPP loans, citing ‘shifting rules, unclear guidance’

GRAND RAPIDS — Restaurant operator Meritage Hospitality Group Inc. said today that it declined millions in loans under a federal coronavirus relief program intended for small businesses. 

Published in Economic Development
Saturday, 25 April 2020 10:15

EDITOR’S NOTEBOOK: Sanity in sanitizer

On Thursday, Josh Cook got the call every licensed beverage alcohol producer dreads. 

Published in Manufacturing
Friday, 24 April 2020 12:39

SBA plans to re-open applications Monday for PPP loans

The U.S. Small Business Administration intends to resume taking loan applications Monday for another round of the Paycheck Protection Program.

Published in Small Business

Tuesday, 31 March 2020 15:11

Citing ‘uncharted waters with COVID-19,’ Meritage Hospitality suspends earnings guidance

GRAND RAPIDS — Restaurant operator Meritage Hospitality Group Inc. today suspended financial guidance and postponed its annual meeting that had been scheduled for May 19.

Published in Economic Development
Saturday, 09 November 2019 08:29

Growth Report: Nov. 9, 2019

Here is the growth report for November 9, 2019.

Published in Economic Development
Thursday, 31 October 2019 10:44

Meritage expands in Atlanta with deal for 5 Wendy’s restaurants

GRAND RAPIDS — Restaurant operator Meritage Hospitality Group Inc. expanded its holdings in the Atlanta, Ga. market with the acquisition of five Wendy’s stores. 

Published in Economic Development

Friday, 25 October 2019 09:14

Anna’s House voluntarily dismisses lawsuit against Meritage Hospitality

GRAND RAPIDS — The owner of Anna’s House restaurant has voluntarily dismissed its lawsuit against the Meritage Hospitality Group over its newly-opened Morning Belle restaurant.

Published in Small Business
Sunday, 20 October 2019 12:55

Lawsuit alleges Meritage took Anna’s House concept after deal talks stalled

GRAND RAPIDS — The company that owns the popular Grand Rapids breakfast spot Anna’s House has sued the owners of the newly-opened Morning Belle restaurant. 

Published in Small Business
Sunday, 13 October 2019 10:56

M&A Awards: Schermer leads Meritage through aggressive expansion, growth

Meritage Hospitality Group Inc. CEO Robert Schermer, Jr. has led the company as it has amassed a portfolio of about 400 Wendy’s restaurant locations and grown its revenue to nearly half a billion dollars.

Published in Economic Development

Saturday, 14 September 2019 20:11

MiBiz Growth Report: September 14, 2019

Here is the growth report for September 14, 2019.

Published in Economic Development
Wednesday, 11 September 2019 10:17

Meritage acquires 5 Wendy’s locations in Texas

GRAND RAPIDS — Restaurant operator Meritage Hospitality Group Inc. has added to its growing portfolio of Wendy’s restaurants with the acquisition of five Texas locations.

Published in Economic Development
Sunday, 18 August 2019 17:00

MiBiz growth report: August 19, 2019

Here is the MiBiz Growth Report for Aug. 19, 2019:

Published in Economic Development

Wednesday, 07 August 2019 08:53

Meritage to acquire 10 Wendy’s restaurants in Georgia, Texas

GRAND RAPIDS — Restaurant operator Meritage Hospitality Group Inc. continues its growth spurt with a pair of deals to acquire the assets of 10 Wendy’s restaurants in Georgia and Texas. 

Published in Economic Development
Sunday, 07 July 2019 19:00

MiBiz Growth Report: July 8, 2019

Here is the growth report for July 8, 2019:

Published in Finance
Friday, 21 June 2019 11:18

Meritage to invest $100 million to develop 40 new Wendy’s restaurants

GRAND RAPIDS — Restaurant operator Meritage Hospitality Group Inc. plans to invest $100 million to develop 40 new Wendy’s restaurants.

Published in Economic Development

Friday, 12 October 2018 10:57

Meritage Hospitality reports continued sales growth amid challenges from weather

Meritage Hospitality Group Inc. continues on a growth trajectory, even after feeling the effects of a devastating hurricane last month.

Published in Other
Sunday, 10 December 2017 21:56

MiBiz Growth Report: December 11, 2017

Here is the MiBiz Growth Report for Dec. 11, 2017.

Published in Breaking News
Sunday, 28 May 2017 16:40

MiBiz Growth Report: May 30, 2017

Here is the MiBiz Growth Report for May 30, 2017: 

• M&A: Grand Rapids-based FEDCom Credit Union, which has three offices in the Grand Rapids area with 7,654 members and assets of $67.6 million, proposed to merge into Midland-based Members First Credit Union. Members First has eight offices, 50,680 members and $480 million in assets. The deal was listed in a monthly activity report issued by state regulators.

Published in Breaking News

Wednesday, 19 April 2017 10:33

Meritage Hospitality reports record first quarter earnings

As it continues its streak of acquisitions, Meritage Hospitality Group Inc. (OTCQX: MHGU) remains on a growth trajectory.

Published in Breaking News
Sunday, 02 April 2017 12:48

MiBiz Growth Report: April 3, 2017

Here is the MiBiz Growth Report for April 3, 2017.

• M&A: Industrial and fastener distributor Manufacturer’s Supply Co. has signed an agreement to sell certain assets to Winona, Minn.-based Fastenal Co. (Nasdaq: FAST). Fastenal expected to close on the deal for Manufacturer’s Supply, or Mansco, at the end of March, after this report went to press. Terms of the deal were not disclosed. Hudsonville-based Mansco generated roughly $50 million in sales in 2016 from locations in Michigan, Alabama and Texas. It was founded in 1928. President Jim Mol has operated Mansco for the last 25 years. Mansco supplies a range of fastener products “with a particularly strong market position with commercial furniture OEMs,” a market to which Fastenal “has not meaningfully contributed in the past.”

Published in Breaking News
Tuesday, 28 March 2017 14:15

Meritage Hospitality acquisitions to include eight Michigan Wendy’s

As part of a $111.8 million string of acquisitions, Meritage Hospitality Group Inc. (OTCQX: MHGU) will take on eight new Wendy’s locations in Michigan, including its first locations in southeast Michigan.

Published in Breaking News

Sunday, 19 February 2017 13:53

MiBiz Growth Report: Feb. 20, 2017

Here is the MiBiz Growth Report for Feb. 20, 2017. 

• M&A: AMI Entertainment Network LLC in Grand Rapids has acquired NSM Music Group Ltd., a Leeds, U.K.-based manufacturer of jukeboxes. The deal for NSM Music marks the first overseas expansion for AMI, a provider of digital jukeboxes and other products for the nightclub and bar industry, according to a statement. Founded in 1951 in Germany, NSM will maintain its independent branding and headquarters. General Manager Martin Agabeg will report to AMI President Mike Maas. Terms of the deal were not disclosed. Going forward, AMI plans to invest in NSM and enhance the company’s products and service, according to a statement.

Published in Breaking News
Friday, 10 February 2017 12:27

Meritage Hospitality acquires 69 Wendy’s restaurants for $111.8 million over 3 deals

Fast food and casual restaurant operator Meritage Hospitality Group Inc. (OTCQX: MHGU) said yesterday it has initiated a string of acquisitions that will continue to grow its operations. 

Published in Breaking News
Monday, 24 October 2016 14:00

Meritage Hospitality taps $97 million line of credit, sees continued earnings growth

Grand Rapids-based Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the country’s largest owners and operators of Wendy’s fast food restaurants, has tapped a new line of credit to continue its expansion.

Published in Breaking News

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