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.

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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

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