Elevation Burger: Fatburger parent buys Elevation Burger for $10 million

Fatburger parent company FAT Brands Inc. has bought burger chain Elevation Burger for $10 million, funded through a combination of sellers' notes and cash. With the acquisition of Elevation Burger, FAT Brands (Nasdaq: FAT) now franchises more than 400 restaurants worldwide with annual systemwide sales exceeding $400 million. Elevation Burger, based in Falls Church, Virginia, was founded by Hans Hess as a "healthier" and environmentally friendly alternative to other burger chains and opened...