TBG Food Acquisition Corp. Announces Acquisition of Fourteen-Store Network in Greenville, South CarolinaApril 15 - 2010
TBG Food Acquisition Corp. (“TBG FAC”) is pleased to announce the acquisition of a 14-store Dunkin’ Donuts network operating in the Greenville, South Carolina market. Acquired out of bankruptcy, TBG FAC expects to provide additional capital and operating expertise to improve the profitability of the network and continue growing the Dunkin’ Brands presence in the Southeast. The transaction represents TBG FAC’s first acquisition outside the counties of Westchester, New York and Bronx, New York.
John Troiano, Managing Partner of TBGFAC parent, The Beekman Group, comments, “We are excited to expand TBGFAC’s geographic footprint, and bring our focus on operational improvement and new store growth to South Carolina, an attractive and growing market. We look forward to working with Dunkin’ Brands to become the predominant destination for coffee, baked goods and sandwiches in the Southeastern marketplace.”
About The Beekman Group
The Beekman Group is a leading private equity firm dedicated to bringing financial and operational resources to small middle-market companies. TBG’s team consists of experienced private equity and operating professionals, as well as a select group of Industry Partners who are leading executives in our targeted industry segments. Our targeted industry sectors are Financial Services, Consumer Products & Services, and Business Services. This Industry Partner approach to investing is the cornerstone of our investment strategy – creating value through partnership with small middle-market management teams.
About TBG Food Acquisition Corp.
TBG Food Acquisition Corp. (“TBG FAC”) is a private-equity backed platform company dedicated to acquiring and growing franchise locations of highly recognizable consumer brands in the quick service restaurant industry. TBG FAC currently operates 40 Dunkin’ Brands locations and has exclusive store development agreements to open an additional 25 stores in its designated markets.