TBG Food Acquisition Corp. Announces the Signing of a Multi-Store Development Agreement

December 27 - 2006
Industry : Consumer
Related Company: TBG Food Acquisition Corp.

TBG Food Acquisition Corp. (“TBG FAC”) announced today that is has signed a 30 store exclusive development agreement with Dunkin’ Brands. In exchange for exclusive development rights for almost all of Westchester County, TBG FAC will develop several new Dunkin’ Donuts locations annually. TBG FAC has already initiated its growth plan, identifying several new potential locations and meeting with local zoning and planning Board officials within Westchester communities. TBG FAC is committed to pursuing its growth initiatives in partnership with the local communities in which it operates. TBG FAC will be the first Dunkin franchisee in Westchester to build a store with the new Dunkin image, an image designed to integrate better with the community and better represent the Dunkin’ brand. TBG FAC Chairman, John G. Troiano said “We are excited to enter into a long-term strategic partnership with Dunkin’ Brands. We believe there is an opportunity to add a significant number of locations to our network and we are pleased that Dunkin’ Brands considers TBG FAC an integral part of its metro New York growth strategy.”

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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. This Industry Partner approach to investing is the cornerstone of our investment strategy – creating value through partnership with small middle-market management teams.

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