Tasty Hut (Triton Pacific Affiliate) Acquires 27 Pizza Hut Restaurants

Yum! Brands to Sell Pizza Hut (Ex-China) to LongRange Capital and Pizza Hut China to Yum China

June 16, 2026

Restaurants & Hospitality

Yum! Brands entered into definitive agreements to sell Pizza Hut for $2.7 billion in total: Pizza Hut excluding Mainland China to LongRange Capital for about $1.5 billion (plus a potential $75 million earn-out by 2030) and Pizza Hut in Mainland China to Yum China Holdings for about $1.2 billion. The transactions are expected to close in the third quarter of 2026, subject to customary regulatory approvals, and will make Yum! stop reporting Pizza Hut as a separate operating division.

Triton Pacific Affiliate Tasty Chick'n Acquires 64-Unit KFC Portfolio

May 21, 2024

Restaurants & Hospitality

Triton Pacific Capital Partners' affiliate, Tasty Chick'n, acquired a 64-unit portfolio of KFC restaurants across the Central and Southeastern United States as an add-on to its existing restaurant platform. The acquisition expands the footprint of Tasty Chick'n/Tasty Restaurant Group and provides opportunities for new unit development and operational synergies.

Tasty Chick'n (Triton Pacific Affiliate) Acquires Portfolio of 90 Franchised KFC and KFC/Taco Bell Restaurants

January 18, 2022

Restaurants & Hospitality

Triton Pacific Capital Partners' portfolio company, Tasty Chick'n, LLC, acquired a portfolio of 90 franchised KFC restaurants across eight U.S. states, including 15 co-branded KFC/Taco Bell locations. The transaction expands Tasty Chick'n's quick-service footprint and serves as an add-on to the firm's restaurant platform managed by Tasty Restaurant Group.

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.

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.