US multi-unit franchise operator JRI Hospitality has acquired 43 restaurants of fast-casual chain Freddy’s Frozen Custard & Steakburgers from Kansas-based HCI Hospitality, strengthening its position as the brand’s largest franchisee.
With the acquisition, JRI Hospitality will operate more than 130 Freddy’s restaurants across 18 states, representing over one-fifth of the brand’s total system. Prior to the deal, the company managed 88 locations of the burger and frozen custard chain.
The purchase includes Freddy’s restaurants previously operated by HCI Hospitality, a restaurant group based in Manhattan, Kansas. As part of the transition, HCI Hospitality CEO Cam Blakely will join JRI Hospitality as President of Operations for the Freddy’s division, overseeing operational integration and future growth.
JRI Hospitality founder and CEO Jason Ingermanson said the acquisition aligns with the company’s long-term strategy of expanding its Freddy’s footprint while maintaining operational standards across its restaurants.
Founded in 2011, JRI Hospitality operates more than 145 restaurants across multiple concepts, including Mokas Coffee & Eatery, alongside its large Freddy’s portfolio.
Founded in 2002 in Wichita, Kansas, Freddy’s Frozen Custard & Steakburgers has expanded rapidly through franchising and now operates hundreds of locations across the United States. The latest deal highlights ongoing consolidation among multi-unit franchise operators as established brands scale their restaurant networks.
