Bojangles Explores $1.5B Sale, Expands Operations

Bojangles, the Charlotte-based fried chicken chain, is reportedly exploring a sale that could value the company at over $1.5 billion, nearly three times its 2019 buyout by Durational Capital Management and The Jordan Company (TJC). The company now operates over 800 locations in 20 states, having expanded into new markets such as Las Vegas, Houston, and New Jersey. Bojangles is working with investment bankers amid rising chicken restaurant sales and increased investor interest, highlighted by the recent $1 billion sale of Dave’s Hot Chicken. The company has also upgraded its technology and expanded its franchise operations, contributing to its status as one of the fastest-growing quick-service chicken chains. Despite the reported talks, sources caution that Bojangles may ultimately decide against a sale. The company has not commented on the speculation.