Twin Hospitality to acquire eight Twin Peaks franchise locations in Florida

Twin Hospitality (TWNP) has entered into a letter of intent to acquire eight Twin Peaks franchised restaurants in Florida from DMD Ventures for approximately $47M in cash. The strategic transaction represents an opportunistic investment in a key growth market even as the Company’s long-term focus remains on franchise driven expansion. The acquisition will bring the following Florida locations to company ownership: Davie, Fort Myers, West Palm Beach, Pembroke Pines, Hollywood, Cypress Creek, Doral and Naples. Upon completion, the transaction is expected to contribute approximately $76M-$77M in annual revenue and $9M-$10M in additional annual EBITDA. The transaction is expected to close in Q1 2026, and is subject to completion of a definitive purchase agreement, financing and customary closing conditions.