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

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.

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.

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.

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.

Gauge Capital Makes Growth Investment in Craftable

July 26, 2023

Cloud & SaaS

Gauge Capital has made a growth equity investment in Craftable, a hospitality-focused SaaS platform, to fund product innovation and accelerate sales growth. Gauge partners Tom McKelvey, Garrett Fair, and Sam Yang joined Craftable’s board as part of the transaction; TI Partners served as financial advisor.

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.