Your Pie and Georgia Oak Partners have entered into a partnership in which Georgia Oak will invest substantial growth equity into the emerging pizza franchise brand.
Georgia Oak's capital infusion will be used to support Your Pie's infrastructure growth and provide capital to promote further franchise expansion. The company currently has 17 locations in the Southeastern United States and plans to open eight additional locations by the end of 2013.
Financial terms of the agreement were not disclosed.
"Our partnership with Georgia Oak will allow Your Pie to further innovate its delicious fast casual brand of pizza and to develop in more cities across the United States," said Your Pie Founder Drew French. "Georgia Oak's approach of adding value to its investments in a variety of ways will improve our brand positioning, increase the support we offer our franchisees and, moving forward, sharpen our growth vision."
In addition to the financial support provided by Georgia Oak Partners, the partnership will include an investment of the company's experience. David Barr, director for Georgia Oak Partners, has more than two decades of experience in the restaurant industry, as CEO of Great American Cookies Inc., chairman of Don Pablo's, and board member of Mrs. Fields Cookies, TCBY, and Del Frisco's Restaurant Group.
In addition, Barr has previous experience working for Pizza Hut as well as other national non-restaurant retailers. Barr will work closely with existing management to guide the acceleration of franchisee and unit growth.
"Your Pie has led the pack in the booming fast casual pizza category behind visionary leadership and with a proven concept that has been fine-tuned over the company's five years of remarkable success. Georgia Oak Partners is proud to join Your Pie as the company continues their aggressive expansion in the Southeast and across the country," said Mike Lonergan, managing partner of Georgia Oak.
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