The Beekman Group Portfolio Company, TBG Food Acquisition Corp., Opens First Store in Virginia Market and Acquires Second StoreJanuary 14 - 2016
NEW YORK, January 14, 2016 – TBG Food Acquisition Corp. (“TBG FAC” or the “Company”), a portfolio company of The Beekman Group and one of the largest Dunkin’ Donuts franchisees, opened its first Virginia Dunkin Donuts store on December 23, 2015 at Towers Shopping Center, 670 Brandon Avenue, Roanoke, VA 24015. The Company also recently acquired the Dunkin Donuts store located at 3620 Franklin Road SW Roanoke, VA 24014. Since being selected in July 2015 as the exclusive franchisee for Western Virginia; the Company has been aggressively pursuing opportunities to expand its Dunkin Donuts network and expects to have six stores open in these markets by the end of this year.
Headquartered in Tuckahoe, NY, TBG FAC is a portfolio company of New York City-based private equity firm, The Beekman Group. The dedicated and experienced TBG FAC team consists of managerial, operational, financial and developmental personnel. TBG FAC currently owns and operates 63 Dunkin’ Donuts and 6 Baskin-Robbins stores located in and around the Westchester County, New York, and Greenville and Columbia, South Carolina, with an additional six new stores in various stages of development.
The Company has started construction on a third store in Virginia at 1803 W. Main Street Salem, VA that is slated to open in March 2016. TBG FAC is steadfast in procuring quality locations and creating a quality experience and product for every customer at each of its stores. High quality growth has been TBG FAC’s mantra from its original 16 store acquisition in early 2006 to what will be 70 Dunkin’ Donuts stores in three states ten years later.
About The Beekman Group
The Beekman Group is a leading private equity firm, based in New York, dedicated to bringing financial and operational resources to lower middle-market companies. Beekman’s team consists of experienced private equity professionals, as well as a select group of Industry Partners, who are leading executives in Beekman’s targeted industry segments. This Industry Partner approach to investing is the cornerstone of Beekman’s investment strategy – creating value through accelerating growth in partnership with small and middle-market management teams. For more information, please visit www.thebeekmangroup.com.