Restaurant franchisee Tasty D’Lites has added to its portfolio with the purchase of 17 Dunkin’ restaurants and a manufacturing location in Vermont, its parent company Triton Pacific Capital Partners said on Monday.
The acquisition brings Tasty D’Lites’ ownership to 37 Dunkin’ locations, including restaurants it already operates in North Carolina. Triton Pacific’s restaurant management company, Tasty Restaurant Group, manages nearly 410 quick-service restaurants, including Pizza Hut, Burger King, Baskin-Robbins, KFC, and Taco Bell franchises as well as Dunkin’, in 20 states, the parent company said.
Tasty D’Lites is not affiliated with Tasti D-lite, a New York City-based frozen yogurt chain.
Triton Pacific said the acquisition gave the franchisee a base in the Northeast from which to expand.
“We are thrilled by the future growth opportunity this acquisition has presented us,” Triton Pacific CEO Craig Faggen said in a release announcing the acquisition. “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, provide a compelling opportunity for Tasty D'Lites and our partners."
Triton Pacific is a Los Angeles-based private equity firm founded in 2001.
There are more than 13,200 Dunkin’ locations worldwide franchised by its parent company, Atlanta-based Inspire Brands.
Contact Bret Thorn at [email protected]
