One of the chain’s largest operators with more than 250 units, the group plans more growth
Pacific Bells LLC, one of the largest Taco Bell franchise operators, has been acquired by investment firm Orangewood Partners, the company said Thursday.
Under the deal, Pacific Bells’ founder and CEO Tom Cook and others on the management team will retain a significant minority stake in the company and will continue to operate the restaurants.
Alan Goldfarb, founder and managing partner of Orangewood, said in a statement, “Orangewood’s philosophy is to partner with founders and industry leading management teams.”
With more than 250 Taco Bell locations, Pacific Bells was founded in 1986 in Oregon, and has since grown to include units in nine states, including Alabama, Arkansas, California, Mississippi, Ohio, Oregon, Tennessee, Washington and Wisconsin.
Under the new ownership, the group plans to continue its growth through both acquisition and new unit openings in current and additional markets, the company said.
See more: NRN
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