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
- Industry
- Restaurants & Hospitality
- Location
- Texas, United States
- Transaction Type
- Growth capital
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