The Beekman Group (“Beekman”) has named Peter Marrinan and Joe Gadaleta as CEO and CFO, respectively, for TBG Food Acquisition Corp. (TBG FAC), owner and operator of the New York metro area’s largest Dunkin’ Donut store franchise networks, with locations throughout Westchester County.
Mr. Marrinan joins the company after spending 13 years at Canton, MA-based Dunkin’ Brands, the franchisor of Dunkin’ Donuts stores. He most recently served as Director of Franchise Services, Central Atlantic region, responsible for approximately 450 stores and $400 million in revenue. He brings more than 20 years of food, retail and real estate experience to TBG FAC.
Mr. Gadaleta, a certified public accountant with more than 15 years of experience, was most recently vice president of finance at Melville, NY-based Radian Technologies LLC, a manufacturer of computer peripheral equipment, where he was responsible for all critical financial operations for the $50 million company.
Beekman’s Managing Partner, John G. Troiano said, “The addition of these two exceptional professionals greatly enhances our team. Peter brings invaluable operational and developmental expertise gained at Dunkin’ Brands, that will greatly benefit our ongoing, aggressive store expansion and operational improvement efforts. Joe brings broad and deep experience and discipline from both large companies and accounting firms that will be critical during this period of rapid growth.”
“I’ve worked closely with John and his team for the past year, where I saw an unprecedented store turnaround effort take hold. Westchester County now has the Dunkin’ Donuts stores it deserves, owing mostly to TBG FAC’s hard work,” said Mr. Marrinan. “I am excited to join the TBG FAC team to build this platform into one of the largest networks in the Dunkin’ Brands system.”
“This is a rare opportunity to join a team that has it all: financial strength, analytical sophistication, operational savvy and a tireless work ethic,” said Mr. Gadaleta. “Combine all of that with the Dunkin’ Brands growth opportunity and you have the recipe for success.”
Over the past two fiscal years, Mr. Marrinan oversaw the successful opening of more than 80 points of distribution for Dunkin’ Donuts. His 13-year tenure at the franchisor included strategic asset management, franchise licensing management and new product launches. Prior to Dunkin’ Brands, Mr. Marrinan worked for Texaco USA in the areas of new business acquisition and real estate.
Mr. Gadaleta formerly worked at WinStar communications, where he helped oversee critical monthly internal and external financial reporting for WinStar’s operating companies. Prior to that he served as a senior manager at KPMG, coordinating delivery of audit, tax, and advisory services to a diverse client base, including public and privately held companies.
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. 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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