Levine Leichtman Capital Partners Acquires Kilwins
March 13, 2023
Levine Leichtman Capital Partners (LLCP) has acquired Kilwin's Quality Confections, Inc. and Kilwins Chocolates Franchise, Inc. (together, Kilwins), a franchisor, retailer, manufacturer and distributor of premium chocolate, ice cream and confectionary products. Founded in 1947 and headquartered in Petoskey, Michigan, Kilwins operates over 150 locations across 25 states; founders Robin and Don McCarty will retain an ownership interest and financial terms were not disclosed. LLCP said it will work with management to accelerate growth through franchise expansion, new channel opportunities and product innovation.
- Targets
- Kilwins Quality Confections, Inc., Kilwins Chocolates Franchise, Inc.
- Sellers
- Robin McCarty, Don McCarty
- Industry
- Food & Beverage
- Location
- Michigan, United States
- Transaction Type
- Buyout
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