Inspire Brands Inc. has completed its previously announced $11.3 billion acquisition of Dunkin' Brands Group, making it the nation's second-biggest restaurant company in sales and number of locations behind McDonald's. Inspire Brands now encompasses nearly 32,000 restaurants across more than 60 countries, which generate $26 billion in annual system sales, a news release said.

Brands under the company include Dunkin', Baskin-Robbins, Arby's and Sonic Drive-In, as well as Buffalo Wild Wings, Jimmy John's and Rusty Taco.

"We are very excited to welcome the Dunkin' and Baskin-Robbins brands into the Inspire family. Dunkin' and Baskin-Robbins are category leaders and two of the most iconic restaurant brands in the world," Inspire co-founder and CEO Paul Brown, said in the release. "This is an incredible moment in our journey as a company. I want to thank all our team members, franchisees and suppliers whose hard work helped make this possible."

New Dunkin', Baskin-Robbins presidents named

The acquisition of Dunkin' Brands furthers Inspire's goal of bringing together a family of highly differentiated and complementary brands. Former Dunkin' Brands CEO Dave Hoffmann will report to Paul Brown as senior adviser and will help navigate the integration into Inspire.

Scott Murphy will assume the role of head of the Inspire Beverage-Snack Category and president, Dunkin', while Jason Maceda will assume the role of president, Baskin-Robbins. Both men will join the Inspire executive team.

"We are excited to reach this important milestone together with our incredible franchisees, licensees, employees, and suppliers," Dave Hoffmann said in the release. "Over the past few years, we have accomplished much to be proud of including the execution of our strategic plans that led to the transformation of our two beloved, iconic brands. We are confident that Inspire's proven stewardship of franchised restaurant concepts and best-in-class capabilities will drive further growth for both Dunkin' and Baskin-Robbins around the world."

Inspire Brands is based in Atlanta and majority-owned by affiliates of Roark Capital.

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