BIRMINGHAM Ala. The largest franchisee of Papa Johnâ€™s International Inc. is planning to expand after a management-led buyout late last year. The Halifax Group, a private-equity firm in Washington, D.C., and the management of PJ United Inc. here completed the buyout last November. PJ United operates 116 Papa Johnâ€™s units in six states.Terms of the buyout were not disclosed, but more than $30 million in financing was provided by GE Capital Solutions, Franchise Finance of Scottsdale, ...
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Contact: Desiree Torres Desiree.Torres@penton.com