Force 10 led the successful restructuring of BurgerFi and Anthony’s Coal Fired Pizza, two popular dining chains known for their innovative fast-casual concepts and high-quality offerings.
In September 2024, BurgerFi International, Inc., the parent company of BurgerFi and Anthony’s Coal Fired Pizza & Wings, faced significant financial challenges due to declining consumer spending, sustained inflation, and rising food and labor costs. These factors led the company to file for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware (Case Number: 24-12017). To navigate this complex restructuring process, BurgerFi retained Force 10 to provide a Chief Restructuring Officer (CRO) and comprehensive restructuring advisory services. As part of the reorganization efforts, BurgerFi sold the restaurants to affiliates of TREW Capital Management which also assumed certain liabilities.