Triton Pacific’s Tasty Restaurant Group subsidiary now operates 37 Dunkin’ stores across the US states of Vermont and North Carolina
Dunkin’ currently operates 13,200 stores across 38 markets, including more than 9,400 outlets in the US | Photo credit: Dunkin’
California-based private equity firm Triton Pacific Capital Partners has acquired 17 Dunkin’ outlets in Vermont via its Tasty Restaurant Group subsidiary.
The acquisition, made for an undisclosed sum, also includes a central manufacturing facility and adds to Tasty Restaurant Group’s 20 Dunkin’ sites across Vermont and North Carolina.
“We are thrilled by the future growth opportunity this acquisition has presented us. 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,” said Craig Faggen, CEO, Triton Pacific.
Founded in 2018, Tasty Restaurant Group manages a portfolio of more than 400 quick service restaurants across 20 US states on behalf of Triton Pacific. In addition to Dunkin’, the group operates licensed Pizza Hut, Burger King, Baskin-Robbins, KFC and Taco Bell stores.
Dunkin’ currently operates 13,200 stores across 38 markets, including more than 9,400 outlets in the US, all of which are franchise owned and operated.
The US coffee and donut chain, acquired by hospitality group Inspire Brands for $11.3bn in December 2020, currently has more than 1,000 franchisees across the US.