FROM WSJSTAFF REPORTS
Wake Forest’s MOD Pizza has changed owners.
The Wake Forest pizza restaurant is one of 13 North Carolina MOD Pizza locations purchased by the pizza chain’s corporate Office from North Carolina franchisee SD Holdings.
MOD Super-Fast Pizza Holdings recently closed an acquisition of those locations.
Terms of the deal were not disclosed.
With this acquisition, Seattle-based MOD now has 406 company-owned locations and 82 franchise locations in 28 states.
The fast-casual pizza chain serves individual artisan-style pizzas and salads that are made on demand.
“This investment not only protects jobs across North Carolina, but is an incredibly exciting opportunity for us to expand our company-owned portfolio and reinforce our commitment to a well-performing market with plenty of growth potential,” says Scott Svenson, co-founder and chief executive, MOD Pizza..
Those 13 MOD locations were previously owned and operated by SD Holdings, a Matthews, N.C. based multibrand restaurant franchisee that filed for bankruptcy in February 2020.
SD Holdings owned more than 100 restaurants in seven states — including 73 Sonic Drive-In locations. Sonic’s corporate office bought those restaurants. MOD says it is offering employment to more than 300 employees