07:30 AM EST, 11/17/2025 (MT Newswires) -- Twin Hospitality Group ( TWNP ) said Monday that it signed a letter of intent for its planned acquisition of eight Twin Peaks franchised restaurants in Florida from DMD Ventures for about $47 million in cash.

The company said it estimates the acquisition to contribute $76 million to $77 million in annual revenue and $9 million to $10 million in additional earnings before interest, taxes, depreciation, and amortization per year.

Twin Hospitality Group ( TWNP ) expects to close the transaction in Q1 2026, subject to a definitive purchase agreement and other conditions, according to the statement.