CapitalSpring

Since 1946,<a href="https://www.buddyspizza.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=buddys-pizza-plans-to-grow-outside-of-detroit-with-support-from-capitalspring-2710629" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank"> Buddy&rsquo;s Pizza</a> has served up the original Detroit-style pizza: rectangular pies with an extra thick, extra crispy crust.

Never heard of Detroit-style pizza? If you live in the Midwest, you will soon.

In early 2018, Buddy&rsquo;s Pizza sold a majority stake to<a href="http://www.capitalspring.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=buddys-pizza-plans-to-grow-outside-of-detroit-with-support-from-capitalspring-2710629" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank"> CapitalSpring</a>, a private investment firm that invests exclusively in the restaurant industry. Thanks to CapitalSpring&rsquo;s industry expertise and financial resources,<a href="https://1851franchise.com/capitalspring/capitalspring-completes-significant-investment-in-buddy-s-pizza-to-accelerate-iconic-restaurant-s-growth-2710059#mostRecent" style="text-decoration-line:none" target="_blank"> Buddy&rsquo;s is now expanding</a> outside of Detroit&mdash;and even outside of Michigan&mdash;for the very first time.

&ldquo;Bringing the Buddy&rsquo;s brand to new customers is our No. 1 priority,&rdquo; said Jim Balis, interim CEO of Buddy&rsquo;s Pizza and Head of<a href="https://1851franchise.com/capitalspring" style="text-decoration-line:none" target="_blank"> CapitalSpring</a>&rsquo;s Strategic Operations Group. &ldquo;Buddy&rsquo;s wanted to bring in a knowledgeable partner to help identify and execute a growth strategy beyond their core market. Our past experience across 60+ restaurant brands was the perfect fit as the concept embarked on expansion.&rdquo;

Since last year&rsquo;s investment, Buddy&rsquo;s has opened new locations in Grand Rapids and at the Detroit Zoo. The brand is set to open three more Michigan units this year: one in Plymouth in July, another in Woodhaven in late August and one in downtown Detroit in November. Several more are currently under construction and in lease negotiations.

Buddy&rsquo;s is also signing locations in Ohio and Indiana, while looking at additional markets throughout the Midwest.

&ldquo;The downtown Detroit Buddy&rsquo;s will be a unique location and a reflection of the brand&rsquo;s connection to its hometown. We have also divided the space 80/20 into full-service and fast-casual formats,&rdquo; said Balis. &ldquo;We are developing a new limited-service prototype that will significantly upgrade the offering with heated-to-order slices as well as new sandwiches, desserts, beer and wine, and more contemporary decor.&rdquo;

CapitalSpring has leveraged several new resources to support Buddy&rsquo;s rapid growth, including new technology platforms, efficiencies via back-office support, strengthened reporting as well as business insights from CapitalSpring&rsquo;s investment and operations teams. CapitalSpring has also invested in bringing in the right people to scale Buddy&rsquo;s sustainably.

&ldquo;With our intended growth, we knew we needed to add several positions that are critical to supporting accelerated development such as a Training Manager, IT Director, HR Director and District Managers,&rdquo; said Balis.

While there has been change since the investment, CapitalSpring has remained steadfast in preserving the quality of the product and the brand&rsquo;s connection to consumers. &ldquo;Buddy&rsquo;s is a special concept and one with a deep connection to the greater Detroit community. Our goal has been to identify and preserve what has allowed the brand to thrive for 74 years. That&rsquo;s where our partners in the company come in handy; they keep us focused on quality. But together, we&rsquo;re looking forward to growing this iconic brand&mdash;the right way.&rdquo;

To learn more about CapitalSpring, please visit http://www.capitalspring.com/.

&nbsp;

<div>&nbsp;</div>

Buddy's Pizza Plans To Grow Outside of Detroit with Support from CapitalSpring

1851 Franchise

The private investment firm has added new resources to accelerate the Midwestern expansion of Buddy’s, including technology, back-office support and insights from its team of experts.

This brand page has been paid for by CAPITALSPRING. Content within this page that is paid will showcase a Sponsored icon. This means the brand has engaged 1851 FRANCHISE to write the content. Content without the Sponsored Icon is aggregated media placements the brand earned. Questions can be sent to editorial@1851franchise.com

buddys-pizza-plans-to-grow-outside-of-detroit-with-support-from-capitalspring

FRANCHISE INFORMATION

Contact

About CapitalSpring

CapitalSpring: Your Investment Partner

How Emerging Brands Can Accelerate Growth

Learn

Visit Website

CAPITALSPRING

LinkedIn

SOCIAL MEDIA

CapitalSpring Partners With Leading Mister Sparky Franchisee, Expands Platform Into Home Services

CapitalSpring and Franchise Times Team Up for Webinar on How Emerging Brands Can Accelerate Growth

CapitalSpring’s Richard Fitzgerald Reflects on Two Decades of Franchise-Focused Private Equity on Karma School of Business

CAPITALSPRING MOST READ STORIES

1851 LOGIN

GROWTH CLUB LOGIN

ABOUT CAPITALSPRING

CONTACT CAPITALSPRING

linkedin

First Name

Last Name

Email

Phone

Company

City

State / Province

Zip Code

Comments

Contact CapitalSpring

Primetime Fitness Expands Crunch Portfolio With CapitalSpring’s Backing

primetime-fitness-expands-crunch-portfolio-with-capitalsprings-backing

CapitalSpring Named to Inc.’s 2024 List of Founder-Friendly Investors

capitalspring-named-to-incs-2024-list-of-founder-friendly-investors

CapitalSpring Hosting 2nd Annual “Feed US Today” Initiative to Give Back to Local Communities

capitalspring-hosting-2nd-annual-feed-us-today-initiative-to-give-back-to-local-communities

CapitalSpring: How Restaurant Concepts Can Secure Financing in 2023’s Climate

capitalspring-how-restaurant-concepts-can-secure-financing-in-2023s-climate

capitalspring-franchise-times-webinar-emerging-brand-growth

Buddy's Pizza Plans To Grow Outside of Detroit with Support from CapitalSpring

MORE STORIES LIKE THIS