Fatburger owner is acquiring Johnny Rockets
Lake Forest-based Johnny Rockets is being acquired by Fatburger owner Fat Brands for roughly $25 million, according to news reports.
Fat Brands is buying the 1950s diner-style chain from private equity firm Sun Capital Partners Inc., according to Reuters.
Johnny Rockets debuted in 1986 on Melrose Avenue in Los Angeles. It gained a following with its vintage, 1950s diner style decor, burgers and ice cream shakes.
According to Reuters, Fat Brands’ Chief Executive Officer Andy Wiederhorn said the company will modernize Johnny Rocket’s menu, by adding more plant-based options and vegan milkshakes.
The deal is expected to be completed in September.