Freddy’s Frozen Custard & Steakburgers has been purchased by private equity firm Thompson Street Capital Partners in an undisclosed deal.
The nearly 20-year-old chain is coming off a momentous year in which it opened 30 stores in the U.S., including its 400th. After experiencing a week in March where sales were down 38 percent, the chain finished the year by growing AUV by 6.5 percent, and increasing systemwide sales by 21.2 percent. In July, the brand experienced a 47 percent increase in drive-thru traffic and reduced wait times by 28 percent.
Freddy s sold to Thompson Street Capital Partners fastcasual.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fastcasual.com Daily Mail and Mail on Sunday newspapers.
HGGC Acquires Fire Protection Leader Marmic Fire & Safety
New Investment to Accelerate Successful Acquisition and De Novo Expansion Strategy
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PALO ALTO, Calif., Feb. 2, 2021 /PRNewswire/ HGGC, a leading middle market private equity firm, today announced that it has completed the acquisition of Marmic Fire & Safety ( Marmic or the Company ), a leading full-service fire protection company, from Thompson Street Capital Partners ( TSCP ). CEO and founding family member Michael Teeter will continue to lead the business and will retain a substantial ownership stake in Marmic. Terms of the private transaction were not disclosed.
Terms of the transaction were not disclosed.
LSBio provides IHC-validated reagent antibodies and services to the global community of academic, pharmaceutical and biotech researchers. The Company has built a catalog of more than 750,000 reagent antibodies, assay kits, proteins, and biochemicals, and its acquisition of Absolute Antibody and Kerafast further expands its product portfolio by adding a range of unique reagents and antibody services.
Absolute Antibody specializes in recombinant antibody technology, offering antibody sequencing, engineering and recombinant production as custom services, as well as a unique catalog of recombinant antibodies and Fc Fusion proteins, engineered into new and useful formats. In 2018, Absolute Antibody merged with Kerafast Inc., a Boston-based company that facilitates access to unique laboratory-made reagents, to further the availability of recombinant antibodies. The new acquisition combines a strong recombinant antibody portfolio with LSBio’s
PE-backed LSBio buys Absolute Antibody and Kerafast pehub.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pehub.com Daily Mail and Mail on Sunday newspapers.