Restaurants & Hospitality Acquisitions in 2017

CapitalSpring partnered with the management team of FSC Franchise Co., LLC to recapitalize the franchisor of Beef ‘O’ Brady’s and The Brass Tap. The transaction provides capital and aligns management ownership to support growth and expansion of the company’s restaurant and bar brands.

Rosser Capital Partners, a Greenwich-based investment firm, has acquired Skillets, Inc., an upscale breakfast and lunch restaurant operator based in Naples, Florida. The transaction transfers ownership from founder Ross Edlund to RCP as part of RCP's continued expansion in the restaurant and consumer sectors.

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.