Done Deal: 🌴 Blackstone Completes Acquisition of Tropical Smoothie Cafe

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SMOOTH OPERATOR

Blackstone Completes Acquisition of Tropical Smoothie Cafe (Read More)

📢 Acquisition Announcement:

• Blackstone Acquires Tropical Smoothie Cafe: Blackstone has completed the acquisition from Levine Leichtman Capital Partners.

🗨️ Leadership Insights:

• Peter Wallace, Senior Managing Director, Blackstone Private Equity:

  • "Tropical Smoothie Cafe is a nationally recognized brand with an impressive growth trajectory underpinned by a base of loyal franchisees and guests."

  • "With Blackstone's capital and resources, we look forward to accelerating the company's continued expansion and supporting innovation."

🚀 Growth and Expansion:

• Blackstone's Franchising Portfolio:

  • Tropical Smoothie Cafe joins other leading franchisors like Hilton Hotels and SERVPRO.

  • Nigel Travis, former CEO of Dunkin' Brands, will serve as Chairman of the Board for Tropical Smoothie Cafe.

📅 Future Plans:

• Charles Watson, CEO, Tropical Smoothie Cafe:

  • "By partnering with Blackstone, Tropical Smoothie Cafe will be able to 'Inspire Better' in more communities nationwide alongside our dedicated franchisees."

  • "2024 will be another big year in our growth trajectory, focusing on operational excellence, menu innovation, and the digital guest experience."

🏢 About Tropical Smoothie Cafe:

• Locations: Over 1,400 locations in 44 states.

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VISUAL OF THE DAY

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