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The Krystal Company Bankruptcy Case

The Krystal Company

Sale Process

Case No. 20-61065·Georgia Northern·Petition date Jan 8, 2020

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OverviewProfessionals

Key professionals

Financial Advisor

FTI Consulting

Investment Banker

Piper Sandler & Co.

Bankruptcy Counsel

Kelley Drye & Warren LLP

Bankruptcy Counsel

King & Spalding

Judge: Paul W. Bonapfel
Petition assets: $50M–$100M
Petition liabilities: $100M–$500M
Industry: Hospitality
Debtors: 3

The Krystal Company is a quick-service restaurant operator founded in 1932 and headquartered in Dunwoody, Georgia. The company specializes in square hamburger sliders and operates 182 company-owned restaurants across nine southeastern states, supported by an additional 116 franchised locations. With a workforce of approximately 4,890 employees, the company maintains a significant presence in the southern United States. It is a wholly owned subsidiary of Krystal Holdings, Inc., which is owned by K-Square Acquisition Co., LLC.

Case background, summaries, and key terms are generated from the filings on this docket. Docket entries and documents come from the court.

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