Quick Service Restaurant Holdings (QSRH) which operates food franchises including Red Rooster, Oporto and Chicken Treat, has been acquired by private equity manager, Archer Capital.

Previously owned by Quadrant Private Equity, QSRH is the largest Australian-owned operator of quick service restaurants with over 620 stores in Australia.

According to SmartCompany, QSRH’s management is holding onto its 10 percent stake and will continue to lead the business.

“The transaction begins a new and exciting chapter for us that will see us further grow QSRH from the solid platform already established. Quadrant have given us strong support over the last four years, and we are now very excited to be partnering with Archer Capital and benefiting from their direction and retail experience,” said QSRH CEO, Mark Lindsay.

Archer Capital’s other investments include MYOB, iNova Pharmaceuticals and Brownes Foods. Partner Peter Gold said QSRH has established an impressive reputation in the foodservice market to date, and is excited about its upcoming growth.

“Archer Capital believes QSRH is a privileged asset within the Australian QSR market in that it owns and controls three well recognised and distinctive brands with long histories and significant scale. We see great opportunities for QSRH and look forward to working with management as they pursue the next stage of development focussed on improving the customer experience.

“In addition, QSRH has an extensive network of high quality and dedicated franchisees and we are looking forward to working closely with them to grow their businesses and to deliver products and services of increasingly higher quality to restaurant guests across the network”.