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Burger King’s new ruler could help its empire expand.

Burger King Holdings Inc. sealed a deal Thursday to sell itself for $3.26 billion to 3G Capital, an investment firm with strong ties to Latin America. The fast-food chain’s chairman and CEO, John Chidsey, said the deal will help it expand more rapidly overseas.

Chidsey, who will become co-chairman of the company after the tender offer is complete, said the $24-per-share deal also brings 3G Capital’s experience and contacts abroad. “Hopefully they’ll be able to even provide more of an accelerant to the fire,” he told The Associated Press.

Read more here: Burger King sets sights overseas after $3.26B sale

MIAMI – Winter storms hurt Burger King’s results in January and February, the fast-food chain said Tuesday.

In the United States and Canada, Burger King’s sales in locations open at least a year fell 8.2 per cent over the two-month period. Over 75 per cent of Burger King stores are in the Central and Eastern U.S., which were hardest hit by storms.

Read more: Burger King sales in January and February hurt by severe winter storms