US-based private equity firm Triton Pacific Capital Partners has announced that its portfolio company, Tasty D’Lites, is entering into an agreement to acquire 17 Dunkin’ restaurants in the US.
Tasty D’Lites is set to obtain a central manufacturing facility in Vermont as part of the acquisition.
The companies have not revealed the financial specifics of the transaction.
Triton Pacific Capital Partners CEO Craig Faggen said, “We are thrilled by the future growth opportunity this acquisition has presented us.
“Dunkin’ is a well-established leader in the quick service restaurant industry, especially in the Northeast, where there is an extremely loyal customer base.
“We believe that this demand, combined with our tenured operational leadership and the attractive economics of the acquisition, provides a compelling opportunity for Tasty D’Lites and our partners.”
The agreement will function as a secondary platform investment for Tasty D’Lites, enhancing its current operations in Charlotte, North Carolina.
This agreement solidifies Tasty D’Lites’ footprint in the Northeast region.
Tasty D’Lites now boasts 37 Dunkin’ restaurants across Vermont and North Carolina.
The Tasty Restaurant Group, a restaurant management company affiliated with Triton Pacific, oversees a portfolio of 410 quick-service restaurants on behalf of Triton Pacific.
The portfolio of restaurants encompasses operations from brands like Dunkin’, Pizza Hut, Burger King, Baskin-Robbins, KFC, and Taco Bell, spanning 20 U.S. states.
In April 2023, Tasty Chick’n, a portfolio company of Triton Pacific Capital Partners, finalized the acquisition of a two-unit KFC restaurant operator in Alabama, USA.
Triton Pacific acquired each of the restaurants in Colbert County, Alabama, in the northwestern region of the state, as part of the Florence-Muscle Shoals MSA metropolitan area, at a cost below $300,000 per restaurant.
The acquisition will serve as a strategic add-on investment for Tasty Chick’n, currently managing five KFC restaurants in Alabama.
