Private Investor Acquires Pizza Rita, Inc.

Maple Park Capital Partners Acquires Majority Stake in Rita's Italian Ice from Argosy Private Equity

November 26, 2024

Restaurants & Hospitality

Maple Park Capital Partners has made a majority growth investment in Rita's Italian Ice & Frozen Custard, with Argosy Private Equity exiting its investment. The transaction positions Rita's to receive growth capital and operational support to scale its franchise network across the U.S. and internationally.

Private Investor Acquires Icing on the Cake

April 19, 2024

Food & Beverage

Generational Group advised Icing on the Cake, an ultra-premium retail dessert bakery in Los Gatos, California, on its sale to a private investor. The transaction closed April 19, 2024 and transfers ownership from founder Lynn after nearly 40 years, with the buyer (unnamed) expected to continue the bakery's traditions and local presence.

Pie Guys Restaurants LLC Acquires Rapid Fired Pizza

October 22, 2021

Restaurants & Hospitality

Pie Guys Restaurants LLC, led by Mike Kern and Chip Hurst, has acquired Rapid Fired Pizza LLC from founder Ray Wiley. Rapid Fired Pizza is a Kettering, Ohio–based fast-casual pizza franchisor with roughly 33 locations across six states; the new owners plan franchise expansion and growth into non-traditional channels. Financial terms were not disclosed.

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.

Argosy Private Equity and MTN Capital Acquire Controlling Stake in Rita's Franchise Company

January 3, 2017

Restaurants & Hospitality

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.