Arby's surprised Wall Street by offering $157 per share for Buffalo Wild Wings (BWLD) . That values the chicken chain at about $2.9 billion, including net debt. But Arby's was known for massive sandwiches more than massive deals like this. But that was before CEO Paul Brown led a major turnaround.

We sat down with Brown back in 2016. He discussed Arby's obsessive focus on rolling out new products while also emphasizing the quality of its trademark roast beef. The privately held fast-food chain, which had 3,300 restaurants worldwide, had just reported U.S. same-store sales gained a solid 3.7% during the second quarter due to an increased number of transactions. It marked a mind-boggling 23 consecutive quarters of same-store sales growth for a chain founded in 1964. Brown joined Arby's in 2013. In 2015, Arby's U.S. systemwide sales rose 8.6% to $3.45 billion, notes research firm Technomic. The growth rate outpaced that of larger chains including McDonald's (MCD) , Restaurant Brands' (QSR)  Burger King chain, Wendy's (WEN)  and Sonic (SONC) , according to Technomic data. 

Watch More with TheStreet:

Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.

More from Video

Is Now the Time to Be in Tech? Experts Weigh in

Is Now the Time to Be in Tech? Experts Weigh in

Investing for Retirement? Consider Socially Responsible Investing

Investing for Retirement? Consider Socially Responsible Investing

Market Movers: Tech Earnings

Market Movers: Tech Earnings

Vincent Viola: We're in a Post-Peak Demand Period for Oil

Vincent Viola: We're in a Post-Peak Demand Period for Oil

Are We Looking at a Fourth Industrial Revolution? Jim Cramer Breaks It Down

Are We Looking at a Fourth Industrial Revolution? Jim Cramer Breaks It Down