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Goldman Sachs helps chicken chain grow

Fast-casual chicken chain Zaxby’s announced that Goldman Sachs will acquire a “significant stake” in the company to support accelerated growth and expansion into new sales channels.

Company officals offered no financial specifics on the deal, but said they expect it to be finalized by the end of this year.

“I look forward to working with the team at Goldman Sachs to continue building the brand I founded 30 years ago in Statesboro, Ga.,” said Zach McLeroy, Zaxby’s co-founder and CEO, in a news release. "This partnership symbolizes the strength of our company, and their involvement will accelerate our growth and expansion into a national brand.”

Athens, Ga.-based Zaxby’s was founded in 1990 and has grown to more than 900 locations in 17 states.

Source : Meating Place

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