McBR Management Co., the oldest franchisee of McDonald’s restaurants in the area, has sold its 26 locations to McDonald’s of Acadiana, a family-owned franchise group in the Lafayette area.
Terms of the deal, which closed today, were not disclosed.
Chris Valluzzo—who, with his father, Charlie Valluzzo, and brother, Patrick Valluzzo, owned McBR Management—says the family was not looking to sell the company, founded by his grandfather, the late Rocco Valluzzo in the early 1960s. But the owners of McDonald’s of Acadiana, Chris and E.J. Krampe, approached them with an offer Valluzzo says was too good to refuse.
“They’re second-generation operators, good family friends that we’ve known since the 1970s,” he says. “We all grew up in the business together and they came to us and it was just a wonderful situation.”
Valluzzo insists he was not planning to get out of the business and that Charlie Valluzzo, 78, was not looking to retire.
“We don’t use the R word around here,” he says.
McDonald’s of Acadiana was founded by the late Edward Krampe in 1972 and has more than 21 restaurants in south central and southwest Louisiana. Valluzzo says he is unaware of any plans the Krampes have to change or close the restaurants they acquired. Chris and E.J. Krampe could not be reached for comment this afternoon.
Today’s acquisition does not affect Valluzzo Companies, which is owned by Chris Valluzzo’s older brother, John Valluzzo, who split off from his brothers in 2011 to form his own company. At the time of the split, John Valluzzo took 30 restaurants with him, leaving McBR Management Co. with 26. In the years since, Valluzzo Companies has grown to some 50 McDonald’s restaurants in a territory that stretches from Port Allen to Poplarville, Mississippi.
Chris Valluzzo says he and Patrick have plans for a new venture that he is not yet ready to disclose.
“But it won’t be in the quick serve restaurant business,” he says.