Restaurants & Hospitality Acquisitions in Washington

Westgate Resorts has completed the acquisition of Bellevue, Washington-based Vacation Ownership Sales (VOS), the exclusive management, sales and marketing partner for VI Resorts. The deal brings VI Resorts under Westgate management as "VI Resorts by Westgate," expands Westgate's geographic footprint and includes a committed investment of over $4 million in marketing, branding and technology; VOS President Mike Vasey joins Westgate's executive team.

CDM Fitness Holdings, an SBJ Capital portfolio company, purchased seven Tacoma-area Planet Fitness clubs from Jeg Viper LLC, expanding its Pacific Northwest footprint. The deal adds nearly 162,000 square feet across seven locations and gives CDM rights to build and operate additional clubs in the Tacoma area as it reinvests in and upgrades the acquired facilities.

Pizza Rita, Inc., a three-unit pizza restaurant operator based in Spokane, Washington, was sold to a private investor in a transaction that closed on March 14, 2022. Generational Equity advised Pizza Rita on the sale; the buyer is described as a seasoned pizza-industry executive who will lead the business forward.

Orangewood Partners has acquired Pacific Bells, one of the largest Taco Bell franchisees in the U.S., from Partners Group. Pacific Bells’ founder and CEO Tom Cook and the management team will retain a significant minority stake and continue to operate the business as Orangewood supports further expansion across existing and new markets.

Clayton, Dubilier & Rice (CD&R) has made a $150 million investment to acquire a significant stake in MOD Super Fast Pizza Holdings, LLC (MOD Pizza). The growth capital will fund expansion of MOD’s fast-casual pizza footprint (433 locations system-wide), accelerate domestic and international openings, and support investments in off-premise and digital capabilities.