Blue Sage Capital Purchases Mr. Gatti's From LDB Corporation; Over $150 Million of Systemwide Revenue for Pizza and Entertainment Chain.AUSTIN Austin. 1 City (1990 pop. 21,907), seat of Mower co., SE Minn., on the Cedar River, near the Iowa line; inc. 1868. The commercial and industrial center of a rich farm region, it is noted as home to the Hormel meatpacking company, whose Spam Town museum , Texas -- Blue Sage Capital is pleased to announce that it recently acquired 100% ownership of Mr. Gatti's Inc. from entities controlled by longtime long·time adj. Having existed or persisted for a long time: a longtime friend; a longtime resident of Detroit. longtime Adjective owner L.D. Brinkman. Founded in 1964 in Stephenville, Texas, Mr. Gatti's owns, operates and franchises approximately 150 pizza and entertainment restaurants in nine states. Mr. Gatti's offers a variety of pizzas and Italian-style foods served in a family-friendly atmosphere. Several stores incorporate a fun center featuring private party rooms, the latest video games See video game console. , carousels, and other amusements. The chain currently has over $150 million of revenue. With Blue Sage's new investment, Mr. Gatti's is looking to continue its growth. L.D. Brinkman, who led Mr. Gatti's for the last 26 years, said, "I cherish my association with the employees, franchisees and customers who have supported us in the past and helped make Mr. Gatti's what it is today." Jim McBride, a partner of Blue Sage, said, "Mr. Gatti's is a very good fit with Blue Sage's investment strategy. We are excited to work alongside management to continue growing the business based on a proven, profitable, differentiated formula." Blue Sage is SAGE I Stratospheric Aerosol and Gas Experiment I an Austin, Texas-based private equity firm founded by Bo Baskin, Peter Huff huff - To compress data using a Huffman code. Various programs that use such methods have been called "HUFF" or some variant thereof. Opposite: puff. Compare crunch, compress. and Jim McBride. Blue Sage specializes in growth, recapitalization Recapitalization Restructuring a company's debt and equity mixture often with the aim of making a company's capital structure more stable. Notes: Companies often want to diversify their debt-to-equity ratio to improve liquidity. and buyout Buyout The purchase of a company or a controlling interest of a corporation's shares. Notes: A leveraged buyout is accomplished with borrowed money or by issuing more stock. financings of middle market companies based in Texas and the Southwest. Most of Blue Sage's investments are in established, profitable companies with $5-100 million of revenue and $2-8 million of cash flow at the time of investment. Blue Sage invests in a variety of industries, with each initial investment in a company ranging from $5-10 million. The partnership also reserves additional capital for follow-on investments in companies that are already in its portfolio so that these companies can continue to finance their growth via internal expansion as well as strategic acquisitions. For additional information please visit Blue Sage's website at www.bluesage.com or contact Jim McBride, Partner, at 512-536-1907. |
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