Global Franchise Acquires Round Table Pizza to Boost West Coast Presence.
M2 EQUITYBITES-September 18, 2017-Global Franchise Acquires Round Table Pizza to Boost West Coast Presence
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18 September 2017 - Georgia, US-based brand acquisition and management firm Global Franchise Group (GFG) has acquired California, US-based Round Table Pizza, including its affiliated concepts, to increase domestic and international footprint to 1,500 stores and increase West Coast presence, the company said.
Round Table affiliated concepts include Round Table Pizza, Round Table Clubhouse and Round Table Pizza Wings Brew.
Terms of the transaction were not disclosed.
The acquisition of this pizza franchise increases GFG's system-wide sales to close to USD 1bn, and expands the brand building company's footprint to more than 1,500 stores domestic and international. Round Table has 440 US locations in seven states and 10 international locations.
Global Franchise said by acquiring Round Table Pizza, it increases its boosts its corporate store vertical, adding 70 new stores for a total of 140 locations.
GFG plans to invest in menu and technology innovations, building out franchisee support, developing people and remodeling restaurants.
With GFG's proven track record of acquiring and building brands, Round Table Pizza will benefit from the organisation's franchising expertise and GFG will utilise its category leading brand synergies to drive sales, grow the Round Table business and add to the success of the GFG portfolio.
Global Franchise Group, LLC owns a portfolio of franchise brands that includes five primary quick service restaurant franchise concepts: Great American Cookies, Hot Dog on a Stick, Marble Slab Creamery, MaggieMoo's Ice Cream and Treatery, and Pretzelmaker.
The brands are managed by GFG Management, LLC, a subsidiary of Global Franchise Group, LLC. Global Franchise Group, LLC is a portfolio company of Levine Leichtman Capital Partners, an independent investment firm, with approximately USD 9bn of capital under management.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Sep 18, 2017|
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