Fort Lauderdale-based gourmet burger chain BurgerFi International, Inc. has entered a new chapter after being acquired by Savvy Sliders, a Michigan-based fast-food chain, following a Chapter 11 bankruptcy filing in September. The deal ensures that all of BurgerFi’s 85 locations across 15 states will continue operating under the same brand, preserving its menu of high-quality burgers and customer favorites.
Transition of Ownership
The acquisition, finalized on December 17, follows the sale of BurgerFi’s assets to TREW Capital Management for $10 million as part of bankruptcy proceedings. TREW assumed certain liabilities during the process, paving the way for Savvy Sliders to acquire the chain.
Although the financial terms of the deal with Savvy Sliders were not disclosed, the Michigan-based company has confirmed its commitment to maintaining BurgerFi’s operations and brand identity.
“BurgerFi aligns with our vision of providing high-quality, fresh ingredients to customers, and we are thrilled to integrate their locations into our growing portfolio,” said Happy Asker, CEO of Savvy Sliders.