MOD Pizza Acquires 13 Formerly Franchised Locations in North Carolina

Clayton, Dubilier & Rice Invests $150 Million in MOD Pizza

May 21, 2019

Restaurants & Hospitality

Clayton, Dubilier & Rice (CD&R) has made a $150 million investment to acquire a significant stake in MOD Super Fast Pizza Holdings, LLC (MOD Pizza). The growth capital will fund expansion of MOD’s fast-casual pizza footprint (433 locations system-wide), accelerate domestic and international openings, and support investments in off-premise and digital capabilities.

Meritage Hospitality Group Acquires 25 Wendy's Restaurants in North Carolina and Virginia

May 10, 2023

Restaurants & Hospitality

Meritage Hospitality Group Inc. acquired 25 Wendy's franchised restaurants located across North Carolina and Virginia, adding approximately $42.0 million in annual sales. The acquisition is part of Meritage's five-year growth plan to expand its Wendy's operating base and will be integrated into the company's operating and remodeling programs.

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.

Chaac Foods Acquires 102 Pizza Hut Stores in the Northeast

February 11, 2020

Restaurants & Hospitality

Chaac Foods, a restaurant platform backed by Gauge Capital and led by Luis Ibarguengoytia, purchased 102 Pizza Hut franchise locations in the Northeast (NY, NJ, PA, MD and DC) from another franchisee. The deal increases Chaac Foods' Pizza Hut footprint to more than 130 stores as part of its ongoing growth strategy.

Piece by Piece Movers Acquires Movin' On Movers

April 5, 2023

Transportation

Massachusetts-based Piece by Piece Movers has acquired Raleigh, North Carolina-based Movin' On Movers. The transaction, facilitated by Benchmark International, expands Piece by Piece's operations into the North Carolina market and transfers ownership from Movin' On Movers' CEO Danny Wilson.

Modera Wealth Management Acquires Parsec Financial

May 1, 2023

Wealth Management

Modera Wealth Management has acquired the Parsec Financial team, bringing Parsec's Asheville-based advisory practice into Modera and creating a combined firm with over $10.5 billion AUM and more than 180 employees across 14 East Coast offices. The transaction was completed with backing from Modera's existing minority equity partner, TRIA Capital Partners; Parsec leadership will take senior roles within Modera.