The parent company of Applebee’s Neighborhood Grill + Bar and IHOP restaurants has agreed to acquire Fort Worth-founded Fuzzy's Taco Shop.
“We had many options when evaluating the ideal partner to help accelerate the growth of Fuzzy’s Taco Shop,” said Fuzzy's founder Mel Knight in a prepared statement. “We selected NRD because of their operator-centric mentality, flexible capital and unparalleled franchising experience." The Fuzzy's team is looking to the transaction to help to continue to build on its successes and accelerate its growth, Paul Damico, CEO of Fuzzy's, said in a statement.