Chaac Foods Acquires 102 Pizza Hut Stores in the Northeast

Gauge Capital / Chaac Foods Invests in 32-Store Pizza Hut Franchisee

December 7, 2019

Restaurants & Hospitality

Gauge Capital formed Chaac Foods in partnership with operator Luis Ibarguengoytia and completed an initial investment in a Pizza Hut franchisee operating 32 stores in the U.S. Midwest. Gauge principals Drew Johnson, Sam Banon and Tristan Loiselle joined the Chaac Foods board as the new platform aims to grow QSR and casual-dining holdings in attractive geographies.

Tasty Restaurant Group (Tasty Hut) Acquires 37 Pizza Hut Locations

November 20, 2020

Restaurants & Hospitality

Tasty Restaurant Group, through its affiliate Tasty Hut and backed by Los Angeles-based private equity firm Triton Pacific, acquired 37 franchised Pizza Hut restaurants (34 in Northern Virginia and 3 in West Virginia). The deal expands Tasty Hut’s existing Pizza Hut portfolio and is intended to increase regional market share and operational economies of scale.

Tasty Hut (Triton Pacific Affiliate) Acquires 27 Pizza Hut Restaurants

June 30, 2022

Restaurants & Hospitality

Tasty Hut, LLC, a portfolio company of Tasty Brands, LP (an affiliate of Triton Pacific), acquired a portfolio of 27 franchised Pizza Hut restaurants across West Virginia, Kentucky, Ohio and Virginia for an aggregate purchase price of $8.7 million. The deal — which closed June 15, 2022 — is an add-on to Tasty Hut's existing Pizza Hut footprint and expands the platform's presence in the Appalachian region.

Triton Pacific Affiliate (Tasty Restaurant Group) Acquires 117 Pizza Hut Restaurants from Rage, Inc.

December 17, 2019

Restaurants & Hospitality

An affiliate of Los Angeles-based private equity firm Triton Pacific completed the acquisition of 117 Pizza Hut restaurants (114 operating, 3 under development) and select real estate assets for about $80 million. The deal — executed by Triton Pacific’s operating platform Tasty Restaurant Group — expands the firm’s quick-service restaurant portfolio across Illinois, Kentucky, North Carolina, South Carolina, Tennessee, Virginia and West Virginia and was a buy of assets from Rage, Inc.

Keystone Capital Invests in Hometown Foods USA

August 29, 2019

Food & Beverage

Keystone Capital completed an investment partnership with Hometown Foods USA, a Miami-based manufacturer of bagels and cake products. The partnership will support Hometown Foods' product and channel expansion and Keystone said it will pursue further bakery-sector acquisitions alongside the company; terms were not disclosed.

MBC Companies Acquires Alpha Foods

September 11, 2025

Food & Beverage

MBC Companies, a portfolio company of Entrepreneurial Equity Partners (e2p), has acquired Alpha Foods, a family-owned frozen pizza manufacturer based in Waller, Texas. The deal adds Alpha's purpose-built 115,000 sq. ft. facility to MBC's footprint, expanding manufacturing capacity and pizza capabilities to better serve K-12, retail grocery and foodservice customers; terms were not disclosed.