Steve Lynn: Reconstruction Partners, LLC – Founder & Managing Partner
Back Yard Burgers, Inc. - Non-Executive Chairman
Lynn led a group of investors in acquiring Back Yard Burgers at the end of 2007. BYBI operates and franchises approximately 180 restaurants throughout the south and Midwest. Since completing the acquisition the corporate headquarters has been relocated to Nashville.
Cummings Incorporated – Chairman and Majority Stockholder
At over 60 years old, the company is the oldest national sign company in the USA, with customers including Chevron, Chrysler, KFC, Holiday Inn, Taco Bell, Church’s, Wells Fargo Bank, Bank of America, Pizza Hut, Fleet Bank, CVS, Long John Silver’s, and A&W and with Sales in the $65,000,000 range.
Shoney’s, Inc - Chairman and CEO
In April 1995, Lynn was named of Chairman and CEO. Shoney’s was the owner and franchisor of more than 1,500 Shoney’s, Captain D’s, Pargo’s and Fifth Quarter Steakhouses.
Sonic Corporation - Chairman and CEO
Lynn spent 12 years as Chairman and CEO. He built the top-notch management team, which transformed a struggling company into the nation’s largest chain of drive-in restaurants and the ‘number two’ hamburger chair in the Southwest, with over $3 billion in system-wide sales. Lynn acquired the company in a leveraged buyout in 1986 and Sonic experienced unprecedented same store sales growth with an average increase of eight percent per year over his tenure. A key factor in the establishment of Sonic’s success was an “ownership” culture where unit managers own part of their restaurants. The leadership team that Lynn put together built Sonic from a Market Cap of $5 Million to over 2.3 Billion.
International Franchise Association – Past Chairman and inducted into the
IFA Hall of Fame
Wallace Hite: Reconstruction Partners, LLC – Founder & Managing Partner
Reconstruction Partners, LLC –Co-Founder & CEO
Hite formed Reconstruction Partners with Steve Lynn and Allen Barnes to offer Strategy, Restructuring, Re-Franchising and Interim Management Services to Chain Restaurant companies.
Back Yard Burgers, Inc. – Chief Operating officer & Chief Reconstruction Officer
Mr. Hite acted in an advisory role during the acquisition of Back Yard Burgers and provided strategic guidance on an interim basis as the Chief Reconstruction Officer & Chief Operating Officer of Back Yard Burgers responsible for refranchising, International development & operations, mergers and acquisitions, operations, purchasing, marketing and restaurant benchmarking
Strategic Advisory Partners, LLC -Founder & CEO
Strategic Advisory Partners acquired Weichmann-Hite Partners in June of 2005. The firm’s primary focuses is working with emerging brands in three related areas, Strategic Planning, Financial Advisory, and Mergers & Acquisitions. Since its inception, SAP has completed 20 transactions and opened three regional offices.
Weichmann-Hite Partners - Co-Founder & Managing Partner
Weichmann-Hite Partners is a boutique M&A firm specializing in emerging brands within the restaurant & retail sectors. Our practice extends into financial advisory and strategic planning which comprises a fair percentage of our business. Weichmann Hite completed over 57 transactions in three years.
IMAG – President & Managing Partner
IMAG is a professional consulting firm with five offices across the United States specializing in franchise development both domestically and internationally.
Al Homaizi International Management – Group Director of Development
Al Homaizi is a management company with multiple franchise brand restaurants and retail operations throughout the Middle East. The brands included Brands include Applebee’s, Popeye’s, Wolfgang Puck Café’s, Il Fornaio Bakeries, Marche Restaurants, Al Rifai and Arby’s.
Sonic Corp. Executive Vice President
Sonic Industries was the franchisor of Sonic Drive-In Restaurants. A partner in the LBO, a going private transaction and in the IPO.
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