Thursday, August 21, 2014

Blackstone looking to sell Downers Grove-based Burger King operator

The majority owner of the second-largest Burger King franchisee, Heartland Food Corp., is looking to sell the Downers Grove-based restaurant operator, a source confirmed on Friday.
Blackstone Group LP is seeking a buyer for Heartland, according to one person with knowledge of the situation, Bloomberg reported earlier in the day.
Heartland has a track record of acquiring and turning around distressed Burger King franchises.   

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