Triton Pacific Affiliate (Tasty Restaurant Group) Acquires 117 Pizza Hut Restaurants from Rage, Inc.
December 17, 2019
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.
- Buyers
- Triton Pacific, Tasty Restaurant Group
- Targets
- 117 Pizza Hut restaurants
- Sellers
- Rage, Inc.
- Platforms
- Tasty Restaurant Group
- Industry
- Restaurants & Hospitality
- Location
- United States
- Transaction Type
- Addon
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