Tropical Smoothie Cafe operates nationwide including locations in central Pa.
Tropical Smoothie Cafe is under contract to be sold to a New York City private equity company, according to news reports.is reporting a New York City private equity company has agreed to buy Tropical Smoothie Cafe, which has locations nationwide including in central Pa., for $2 billion.
Tropical Smoothie specializes in smoothies, bowls, flatbreads and wraps. The chain started in Destin, Florida in 1997 and has grown to more than 1,400 units in 44 states.Reuters had reported in December, citing sources, that Tropical Smoothie’s private equity owner, Levine Leichtman Capital Partners, was preparing to put the chain up for sale.
“Tropical Smoothie Cafe has had an impressive growth trajectory consistently building on its loyal customer base as it has scaled nationwide. Blackstone has deep experience helping accelerate the expansion of leading franchise businesses as one of our highest-conviction investment areas.”Taco Bell launches new $5 meal deal, a ‘Taco Discovery Box’If you purchase a product or register for an account through a link on our site, we may receive compensation.
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