BDT Capital Partners, the Chicago investment firm that acquired a stake in the iconic pizza chain five years ago as it was beginning to expand out of state, sold its shares to Meritage Group for an undisclosed sum. Marc Malnati, who remains active in the pizza chain his father started 50 years ago, said he and his brother, Rick, remain the two largest individual shareholders. He wouldn’t disclose the size of the stake that BDT held and that Meritage now controls, and said the shift in investors won’t result in much change. “The pizza’s still going to taste exceptionally well,” Malnati said, and the chain intends to continue expanding. Malnati said BDT, which is headed by former Goldman Sachs investment banker Byron Trott, bought the restaurant chain when BDT’s investment funds were in the early stages. “They’re doing billion-dollar deals all across the world,” he said. “We’re a small family business.” BDT and Meritage, an investment group that manages more than $11 billion with offices in San Francisco, Greenwich, Connecticut, and New York City, did not respond to requests for comment. Meritage, according to Malnati, “tends to stay involved, invested in companies for the long term.” “We want deliberate growth coming out of COVID, and we want to give ourselves an opportunity to introduce the product in other cities in the Midwest where there is big demand,” Malnati said. “We’re going to continue our expansion.” Malnati also said the chain’s Taste of Chicago business, which ships frozen pizzas to customers around the country, tripled during the pandemic. “During COVID when people were relocating around the country, and people weren’t able to get to Chicago to get their fix, that business has grown tremendously,” he said. Lou Malnati and his wife, Jean, opened their first restaurant in 1971 in Lincolnwood. The chain has more than 70 locations, including sites in Illinois, Arizona, Indiana and Wisconsin. Lou Malnati’s had been considering bringing in a new investor for several months. Over the summer, the chain moved is headquarters into a facility in Buffalo Grove that will also house production and shipping for its mail-order pizza business. – Source: The Chicago Tribune.
- Who We Are
Our Mission:
"…to be the highest quality provider of human capital to our clients.”
- What We Do
Human Captial Management Solutions That Work
Being Better often requires assistance from others who can help get your there.
- Employers
Welcome Job Seekers
Our #JobSquad has assembled everything Job Seekers need, to beBetter.
- Job Seekers
Welcome Employers
Our #JobSquad has assembled everything Employers need, to beBetter.
- Blog
Ways for you to beBetter
Tips, tools and perspectives for job seekers, employers as well as general information on ways to beBetter.
- Connect
Get Connected:
Connect easily with our Corporate Office or with any of our Franchise locations.Corporate Office, Coral Springs, FL
(954) 493-9200 info@ariteam.com
Atlanta, GA
(770) 433-2220 iphillip@ariteam.com
Chicago, IL
(312) 780-7510 cwilson@ariteam.com
Dallas - Ft. Worth
(469) 922-2048 jsosa@ariteam.com
(469) 922-2096 eroshan@ariteam.com
Davie, FL
(954) 990-4545 frankc@ariteam.com
Manchester, NH
(603) 825-5520 van@ariteam.com
Simpsonville, SC
(864) 900-2144 matt@ariteam.com
(864) 900-2144 grace@ariteam.com
- Search Jobs
Featured Jobs
- Outside Sales Representative - Kalamazoo, MI - Wholesale Plumbing Supply DistributionOutside Sales Representative - Kalamazoo,...
- Director of Surgical Services
- Vice President of Sales--SmallwaresVice President of Sales - Smallwares REMOTE, Ideally West Coast Job...
- Outside Sales Representative - Kalamazoo, MI - Wholesale Plumbing Supply Distribution
Leave a Reply
You must be logged in to post a comment.