Jack in the Box has acquired Del Taco in a $575 million deal, bringing the company to 2,800 restaurants spanning 25 states. The acquisition is expected to position the two brands to compete with large quick-service restaurants, the companies said.
"Joining forces will provide additional resources to drive innovation to create more unique, innovative menu items and exceptional guest experiences," Jack in the Box CEO Darin Harris said during a Monday analyst call discussing the deal. "This will allow Jack and Del Taco to better engage with their existing guests and reach new ones."
In November, Restaurant Brands International Inc. (RBI) acquired Firehouse Subs from Firehouse Restaurant Group for $1 billion, adding to RBI’s existing QSR brands: Tim Hortons®, Burger King® and Popeyes®.
The QSR sector is one of the few markets to become resilient since the pandemic. Wally Butkus, partner and analyst with Restaurant Research at Bank of America,
