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Polar Star Capital Announces Controlling Stake In Burger King Franchise

Polar Star Capital Partners, a new private equity firm based in Salt Lake City, UT, has announced the firm's launch with its recent purchase of a controlling interest in Meridian Restaurants Unlimited, a leading 126 store franchisee in the Burger King system. Specific terms of the transaction were not disclosed although Total Enterprise Value was noted to be greater than $80mm. Founded in 1953, Burger King is the second largest franchisor and operator of quick service hamburger restaurants worldwide. The majority of Burger King restaurants are owned and operated by independent franchisees. Meridian Restaurants Unlimited operates 114 Burger King restaurants and recently...