Friendly's
PE-Owned1 Documented ImpactSun Capital executed sale-leaseback on 160 properties, dumped $115M pension. Filed bankruptcy twice. Sold for just $2M — fraction of $337M Sun paid.
Ownership Information
Friendly's is owned by Sun Capital Partners. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
Friendly's founded
Acquired by Sun Capital Partners for $337 million
Friendly's bankrupted twice under Sun Capital, sold for $2M
Sun 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 vs. After PE Acquisition
Restaurants
Reported 2020
Before PE
~500 restaurants
After PE
~130 restaurants
↓ 74%
Community Reviews
Share your experience →Tracked Locations
CA (1)
San Diego
2618 Main St
San Diego, CA 92101
555-106-5457
FL (1)
Orlando
8407 Main St
Orlando, FL 32801
555-824-5438
IL (1)
Chicago
4916 Main St
Chicago, IL 60601
555-803-1812
IN (1)
Indianapolis
5601 Main St
Indianapolis, IN 46201
555-381-1021
TX (1)
Dallas
3255 Main St
Dallas, TX 75201
555-316-5390