By Abigail Summerville (Reuters) - The private equity owner of Tropical Smoothie Cafe is preparing to put the U.S. restaurant chain up for sale for ar.
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One of the portfolio companies of Los Angeles-based private equity investor Levine Leichtman has acquired another company. According to the firm, Technical Safety Services, one of its portfolio companies, has acquired Precision Air T
Levine Leichtman Capital Partners announced Thursday that it sold its interest in Mountain Mike's Pizza to co-CEOs Chris Britt and Ed St. Geme.
In 2017, the Los Angeles-based private equity firm partnered with Britt Private Capital (Britt) and Jupiter Holdings (St. Geme) to acquire the pizza concept, back when it had more than 180 units. In the years since, Mountain Mike's has expanded to 250 restaurants in California, Oregon, Utah, Arizona, Idaho, and Nevada. The chain was founded in 1978 and is headquartered in Newport Beach, California.