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Brentwood Associates and Sixth Street Partner to Fuel Growth in Far West Services, a Leading Wingstop Franchisee

Gracie Gottlieb | 7 November, 2023

Investment firms Brentwood Associates and Sixth Street have made a significant growth investment in Far West Services, a franchisee of Wingstop restaurants. With over 100 locations across California, Nevada, Washington, Colorado, and Utah, Far West has experienced steady growth through organic means, new restaurant openings, and strategic acquisitions. This partnership between Brentwood Associates, Sixth Street, and Far West's existing management aims to further expand the business and capitalize on Wingstop's success in the market.

Far West Services, founded in 2003 and headquartered in Costa Mesa, California, has become a prominent player in the Wingstop franchisee network. The company's commitment to maintaining operational excellence, delivering an unparalleled guest experience, and offering a compelling value proposition has contributed to its success. As part of the partnership, Far West's Chief Executive Officer & President, Jorge Ortiz, will continue leading the company alongside Chairman, Founder & Brand Ambassador Danny Sonenshine and the rest of the management team.

Jorge Ortiz expressed excitement about the collaboration, stating, "We are excited to partner with Brentwood and Sixth Street. They both have an in-depth understanding of our business, and we look forward to the experience, strategic input, and value-added resources that they bring to the table as we continue to execute on our growth ahead." Danny Sonenshine also expressed optimism, commenting, "It’s as strong as it’s ever been, and we look forward to working with our new partners to continue to build this great brand."

Brentwood Associates, known for its expertise in investing in high-growth consumer businesses, sees Far West as an ideal fit for its strategy. Rahul Aggarwal, Partner at Brentwood, commented, "Far West has achieved tremendous growth and success throughout its history and has proven to be a premier franchisee excelling within the strong and growing Wingstop system. We look forward to leveraging our expertise in restaurants, foodservice, and franchising to help management continue Far West’s growth into the future."

Sixth Street, with over $70 billion in assets under management, recognizes Far West's strong leadership team, operational expertise, and premier position within the Wingstop franchise system. Kayvan Heravi, Managing Director at Sixth Street, expressed delight in partnering with Far West to drive further Wingstop development.

Founded in 2003, Far West Services currently operates over 100 Wingstop restaurants and has plans for additional growth in its existing markets. The company's commitment to Wingstop's unique positioning, operational excellence, guest experience, and compelling value proposition have been instrumental in its success.

Brentwood Associates is a Los Angeles-based private equity investment firm with a strong track record in investing in middle-market consumer and business services companies. With their focus on building world-class companies, Brentwood adds value to entrepreneurs and senior management teams. They have invested in over 50 portfolio companies with a total transaction value exceeding $7 billion.

Sixth Street is a global investment firm with significant assets under management and committed capital. Their long-term flexible capital, data-enabled capabilities, and collaborative approach allow them to offer solutions to companies at various stages of growth. With a team of over 500 professionals worldwide, Sixth Street is well-positioned to support Far West Services in its expansion efforts.

This strategic partnership between Brentwood Associates, Sixth Street, and Far West Services sets the stage for continued growth and success in the Wingstop franchise network. As Far West continues to expand its presence, customers can expect the same commitment to excellence that has made the brand a category leader. With the combined expertise and resources of Brentwood Associates and Sixth Street, Far West is poised to reach new heights in its journey as a leading Wingstop franchisee.

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