Triton Pacific Affiliates Acquire Portfolio of 27 Pizza Hut Restaurants

LOS ANGELES, 1 July 2022 /PRNewswire/ — Tasty Brands, LP (“Tasty”), a subsidiary of Triton Pacific, announced today that portfolio company Tasty Hut, LLC has recently acquired 27 franchised Pizza Hut restaurants in four states. Total purchase price for Restaurants in the Appalachian region of the USA 8.7 million dollars, plus transaction costs and expenses. Transaction closed 15 June.

This acquisition serves as an additional investment in Tasty Hut, LLC and includes seventeen locations in Turkey. West Virginia; five locations in Kentucky; four Ohio locations; and one Virginia Location. The expansion is strategically aligned with Tasty Hut’s investment and growth strategies and further validates its ability to expand its base of operations into core markets.

“We are very excited to have the opportunity to expand our footprint in this part of the country,” he said. craig faggen, CEO of Triton Pacific. “Pizza Hut is a proven leader in the quick-service restaurant space and has been very supportive of the transaction. Given Tasty Hut’s track record of success in West Virginia and the wider Appalachian region, and the store’s historical financial performance combined with the positive trends in this base of ROI-focused asset actions and new We believe there is a very meaningful opportunity for growth and profitability through store development.”

With this acquisition, Tasty Hut, LLC now includes 221 Pizza Hut restaurants in 11 states. In addition to Tasty, Tasty Hut, LLC, the portfolio includes Tasty King, LLC, the company and Burger King franchisee. Tasty has 68 Burger King restaurants in addition to its Pizza Hut locations.

About Delicious Brands, LP

Tasty Brands, LP is a limited partnership founded by Triton Pacific that focuses exclusively on investments in chain restaurant franchises in the USA. North America. Tasty Brands, LP operates 289 restaurants in 14 states and currently employs more than 2,000 people.

About Triton Pacific

Founded in 2001, Triton Pacific is a private equity firm that offers income and growth investment programs for both institutional and high-net-worth investors. The firm focuses on investing in small and medium-sized companies in many industries that exhibit attractive fundamentals, including quick-service restaurants.

Some of the statements in this press release may contain forward-looking statements or statements of future expectations based on currently available information. Such statements are inherently subject to risks and uncertainties. The evolution of general economic conditions, future market conditions, consumer preferences for the chain restaurant industry in general and our portfolio company brands in particular, the current COVID-19 coronavirus pandemic and relevant government, private and individual consumer-sensitive actions, changes in capital markets and other conditions, actual could cause events or results to differ materially from those envisioned in such statements. Tasty makes no representations or warranties of any kind, express or implied, as to the accuracy, completeness or current status of such statements. You are requested to carefully consider these factors when evaluating the forward-looking statements contained herein, and you are cautioned not to place undue reliance on such forward-looking statements, which are fully qualified by these cautionary statements. Forward-looking statements made here are valid only as of the date of this press release, and Tasty undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Communication: Damon Elder
Spotlight Marketing Communication
[email protected]

SOURCE Triton Pacific

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