CapitalSpring

<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp%3Burl=http%3A%2F%2Fwww.buddyspizza.com%2F&amp%3Besheet=51737196&amp%3Bnewsitemid=20180103005824&amp%3Blan=en-US&amp%3Banchor=Buddy%27s+Pizza&amp%3Bindex=1&amp%3Bmd5=1e24c05208be11a932c3816ff8a7eaa3&utm_source=1851franchise.com&utm_medium=article&utm_campaign=capitalspring-completes-significant-investment-in-buddys-pizza-to-accelerate-iconic-restaurants-growth-2710059" target="_blank" rel="nofollow" target="_blank">Buddy&rsquo;s Pizza</a>&nbsp;(&ldquo;Buddy&rsquo;s&rdquo; or the &ldquo;Company&rdquo;), the restaurant that introduced The Original Detroit Style Square Pizza, and&nbsp;<a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp%3Burl=http%3A%2F%2Fwww.capitalspring.com%2F&amp%3Besheet=51737196&amp%3Bnewsitemid=20180103005824&amp%3Blan=en-US&amp%3Banchor=CapitalSpring&amp%3Bindex=2&amp%3Bmd5=4506abc785ad1bc94552737fa9a988e0&utm_source=1851franchise.com&utm_medium=article&utm_campaign=capitalspring-completes-significant-investment-in-buddys-pizza-to-accelerate-iconic-restaurants-growth-2710059" target="_blank" rel="nofollow" referrerpolicy="unsafe-url" target="_blank">CapitalSpring</a>, a leading private investment firm focused exclusively on the branded restaurant industry, announced a partnership to recapitalize the Company and accelerate new store growth across the Midwest and beyond. Terms of the transaction were not disclosed.

Founded in 1946 in Detroit, Buddy&rsquo;s is widely recognized as the originator of Detroit-style pizza, with its signature square pie. Prepared in square, blue steel pans originally used to hold nuts and bolts on Detroit&rsquo;s automotive assembly lines, Buddy&rsquo;s Pizza is authentically Detroit. The Company operates 12 restaurants throughout the Motor City and surrounding area and is set to open its&nbsp;13th&nbsp;location, a full-service eatery at the Detroit Zoo, this spring. Beyond being a local favorite for generations, Buddy&rsquo;s has earned numerous top ten pizza awards and has been celebrated nationally for its outstanding pizza and strong community involvement across Detroit.

&ldquo;We are thrilled to support the Buddy&rsquo;s team and look forward to working together to grow the brand over the coming years,&rdquo; said Erik&nbsp;Herrmann, Managing Director at&nbsp;<a href="https://1851franchise.com/capitalspring/info/index.html" target="_blank">CapitalSpring</a>. &ldquo;It&rsquo;s rare to find a restaurant concept with such signature food, deep-rooted brand equity, and passionate customers, and we are honored to be their partner in accelerating the business.&rdquo;

&ldquo;This partnership is a significant opportunity for us to introduce Buddy&rsquo;s iconic pizza, rich culture and community roots to new customers in Detroit and beyond,&rdquo; said Robert Jacobs, CEO of Buddy&rsquo;s. &ldquo;We are extremely excited for this new chapter and to have found a partner that can not only maintain our commitment to quality food and an exceptional guest experience, but also offer substantial restaurant expertise.&rdquo;

Deloitte Corporate Finance, LLC served as lead financial advisor, and&nbsp;Jaffe&nbsp;Raitt&nbsp;Heuer&nbsp;&amp; Weiss served as legal advisor to Buddy&rsquo;s in connection with the transaction.&nbsp;CapitalSpring&nbsp;was represented by Latham &amp; Watkins and&nbsp;Federman&nbsp;Steifman.

&nbsp;

&nbsp;

CapitalSpring Completes Significant Investment in Buddy’s Pizza to Accelerate Iconic Restaurant’s Growth

1851 Franchise

Investment Group and Pizza Franchise plan to drive growth in 2019

capitalspring-completes-significant-investment-in-buddys-pizza-to-accelerate-iconic-restaurants-growth

FRANCHISE INFORMATION

Contact

About CapitalSpring

CapitalSpring: Your Investment Partner

The CapitalSpring Difference

Learn

Visit Website

CAPITALSPRING

LinkedIn

SOCIAL MEDIA

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

QSR Uncut: CapitalSpring’s Jim Balis Talks Closures, Tech Shifts and the Battle for Value in 2025

CapitalSpring Acquires Coast Sign to Expand Support for Multi-Location Brands

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

CapitalSpring Partners With Leading Mister Sparky Franchisee 

capitalspring-partners-with-leading-mister-sparky-franchisee-expands-platform-into-residential-electrical-services

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

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

capitalspring-franchise-private-equity-podcast

CapitalSpring’s Jim Balis Talks Growth, ROI and the Future of Fast Casual on “Rock My Restaurant”

capitalsprings-jim-balis-talks-growth-roi-and-the-future-of-fast-casual-on-rock-my-restaurant

capitalspring-acquires-coast-sign-to-expand-support-for-multi-location-brands

CapitalSpring Completes Significant Investment in Buddy’s Pizza to Accelerate Iconic Restaurant’s Growth

MORE STORIES LIKE THIS