Friendly's
Sun Capital executed sale-leaseback on 160 properties, dumped $115M pension. Filed bankruptcy twice. Sold for just $2M — fraction of $337M Sun paid.
- FOUNDED
- 1935
- ACQUIRED
- Sun Capital Partners, 2007, $337 million
- IMPACTS
- 1 documented
Editorial Record
maintained by DeathbyPE. Every claim links to a public source.Timeline
Friendly's founded
Acquired by Sun Capital Partners for $337 million
Friendly's bankrupted twice under Sun Capital, sold for $2M
CriticalClosure / BankruptcySun Capital executed sale-leaseback on 160 properties, dumped $115M in pension obligations. Two bankruptcies. Eventually sold for just $2M — a fraction of the $337M Sun paid.
Before / After
Restaurants
reported 2020
before ~500 restaurants
after ~130 restaurants
-74%
Community Reviews
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Tracked Locations
CA · 1
2618 Main St
San Diego, CA 92101 · 555-106-5457
FL · 1
8407 Main St
Orlando, FL 32801 · 555-824-5438
IL · 1
4916 Main St
Chicago, IL 60601 · 555-803-1812
IN · 1
5601 Main St
Indianapolis, IN 46201 · 555-381-1021
TX · 1
3255 Main St
Dallas, TX 75201 · 555-316-5390