Exeter Capital (with Pittco) Acquires FL Glaze, LLC (100-unit Dunkin' Franchisee)

Beach Point Capital Acquires Metro Franchising from Quilvest Capital Partners

September 25, 2024

Restaurants & Hospitality

Beach Point Capital Management LP has completed an investment to acquire a majority stake in Metro Franchising, the largest Dunkin' franchisee in the New York City metro region with 105 units, from Quilvest Capital Partners. Quilvest exits after growing Metro from 44 to 105 units; Beach Point's capital will support Metro's next phase of growth under new ownership.

Warburg Pincus-Led Group Acquires Exeter Finance from Blackstone Funds

June 28, 2021

Financial Services

A Warburg Pincus-led investor group has agreed to acquire Exeter Finance LLC from funds managed by Blackstone. Exeter, an Irving, Texas-based tech-enabled indirect auto lender with a managed loan portfolio of more than $7 billion, will continue to be led by CEO Jason Grubb, who remains a meaningful investor; terms were not disclosed and the deal is expected to close by the end of 2021.

NewSpring Acquires Duck Donuts with Investment from Free Fenix

July 14, 2021

Restaurants & Hospitality

NewSpring Franchise, a strategy of private equity firm NewSpring, completed the acquisition of Duck Donuts, a fast-growing made-to-order donut franchise headquartered in Mechanicsburg, Pennsylvania. Charlotte-based Free Fenix partnered on the deal to provide additional capital; Duck Donuts will use the proceeds to accelerate growth, expand its franchise footprint, and strengthen corporate and franchise operations.

EQT AB Acquires Exeter Property Group to Create EQT Exeter

January 26, 2021

Real Estate

EQT AB completed the $1.87 billion combination with Exeter Property Group, acquiring Exeter's management company and carried interest stakes and combining the businesses under the EQT Exeter brand. Consideration comprised approximately $800 million in newly issued EQT AB shares and $1,070 million in cash (including refinancing of existing Exeter debt); Exeter management received a mix of shares and cash and will join EQT leadership. The deal expands EQT's real estate capabilities and geographic footprint across North America and Europe.

Gala Capital Acquires Dunn Brothers Coffee

July 1, 2022

Restaurants & Hospitality

Gala Capital, led by Anand Gala, acquired Dunn Brothers Coffee, a 59-unit, 100% franchised coffee chain founded in 1987. The deal closed in June with Gala Capital taking control July 1; Dunn Brothers' leadership, including President Kim Plahn, will remain in place as Gala plans to grow the brand via catering, third-party delivery, e-commerce and store expansion.

Construction Partners Acquires Florida Asphalt Terminal and Okeechobee Ready‑Mix Business

February 28, 2019

Construction

Construction Partners, Inc. (NASDAQ: ROAD) completed two Florida acquisitions for an aggregate purchase price of approximately $19 million, acquiring a liquid asphalt terminal in Panama City, FL and a hot mix asphalt / ready‑mixed concrete business in Okeechobee, FL. The deals support CPI's vertical integration strategy and expand the company’s geographic presence and materials supply capabilities in Florida.