Trive Capital and Crux Capital Take Minority Stake in HTeaO

January 10, 2023

Dallas-based private equity firms Trive Capital and Crux Capital acquired a minority stake in HTeaO, the Fort Worth–headquartered drive-thru iced tea franchisor. The investment will support geographic expansion, speed unit growth (HTeaO has 68 operating locations and 426+ franchise licenses awarded), and add board representation for Trive and Crux to accelerate franchising and technology initiatives.

Buyers
Trive Capital, Crux Capital
Targets
HTeaO
Location
Texas, United States
Transaction Type
Growth capital

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