Restaurant Brands expands American footprint with acquisition of Firehouse Subs for US$1B

USA — Multinational fast food holding company, Restaurant Brands International Inc., is acquiring Firehouse Restaurant Group Inc., the parent company of Firehouse Subs, for $1 billion in an all-cash transaction.  Founded in 1994 by brothers and former firefighters Chris Sorensen and Robin Sorensen, Firehouse Subs has approximately 1,200 quick-service sandwich shops across 46 US states, Canada and Puerto Rico.  For the first 10 months of the year, its same-store sales climbed 20% compared with the same time two years ago and the franchise is expected to generate approximately US$1.1 billion in systemwide…

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