Nation’s Restaurant News reports that Yum! Brands Inc. has signed definitive agreements to sell Long John Silver’s  Inc. and A&W Restaurants Inc. to two separate groups of franchisees, the  company said Thursday.

Terms of the deals were not disclosed.

The Louisville, Ky.-based Yum Brands, which also franchises KFC, Pizza Hut  and Taco Bell, said Long John Silver’s would be sold to LJS Partners, a  consortium of franchisees and other investors. A&W Restaurants will be sold  to A Great American Brand, which Yum described as a “franchisee leader with  substantial interest in A&W restaurants.”

Both sales are expected to be completed in the fourth quarter, Yum said.

“As we continue to sharpen our long-term growth focus on international  expansion and improving our U.S. brand positions in KFC, Pizza Hut and Taco  Bell, Long John Silver’s and A&W no longer fit our long-term growth  strategy,” Yum Brands chairman and chief executive David Novak said in a  statement.

Yum noted that the two sales would not have a material impact on corporate  earnings or cash flow.

Goldman, Sachs & Co. acted as Yum’s exclusive financial advisor on the  sales.

Read more: Nation’s Restaurant News