Argosy Private Equity and MTN Capital Acquire Controlling Stake in Rita's Franchise Company
January 3, 2017
Argosy Private Equity and MTN Capital acquired a controlling stake in Rita's Franchise Company, the world's largest Italian Ice concept, from Falconhead Capital. Rita's, headquartered in Trevose, Pennsylvania, operates over 600 franchise locations across 30+ states and several countries; the investors said they will work with management to continue systemwide growth and geographic expansion.
- Buyers
- Argosy Private Equity, MTN Capital Partners LLC
- Targets
- Rita's Franchise Company, LLC
- Sellers
- Falconhead Capital
- Industry
- Restaurants & Hospitality
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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