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Inspire Becomes Fast Food Giant in $11.3 Billion Dunkin’ Deal

  • Inspire’s bet is second-largest restaurant deal ever
  • Dunkin’ adds breakfast for owner of Arby’s, Buffalo Wild Wings
A Dunkin' Restaurant Ahead Of Earnings Figures
Photographer: Luke Sharrett/Bloomberg
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Just two years after its founding, Inspire Brands Inc. took a major step toward its goal of building a full-spectrum collection of restaurants with the $11.3 billion acquisition of Dunkin’ Brands Group Inc.

The deal announced Friday, whose price includes assumed debt, is the restaurant industry’s second-largest transaction and its most expensive based at about 23 times Ebitda. Adding Dunkin’ Brands gives Roark Capital Group-backed Inspire its first chain focused on coffee and breakfast, a market facing turbulence from the Covid-19 pandemic.