Papa Murphy's International announced the completion of its sale to New York-based Lee Equity Partners. Its previous owner was Charlesbank Capital Partners of Boston. Terms and details of the deal are not being disclosed.
 
"We have worked very hard to complete this transaction, and we are all eager to get on with the next chapter in the life of the Papa Murphy's brand," said John Barr, Chairman and CEO of Papa Murphy's.  "The management team here and our partners at Lee Equity are optimistic and excited about the future."
 
The strength of the management team and the potential for growth were two key factors that attracted Lee Equity Partners to the take ‘n' bake pizza pioneer.  "We're in active dialogue with John and his team about avenues for growth and expansion of the brand's presence," said Thomas H. Lee, President of Lee Equity Partners.  "Their track record indicates they know how to manage growth strategically, so we want to do what we can to support and enhance those efforts.
 
The company plans to introduce key members of the Lee Equity team to its franchisee community at its national convention this summer in San Diego.

Related Content

User Comments – Give us your opinion!
Products & Services

Group Purchasing Services

http://global.networldalliance.com/new/images/products/6403.png

6403/Group-Purchasing-Services

Supply Chain Management

http://global.networldalliance.com/new/images/products/6405.png

6405/Supply-Chain-Management

Thr!ve Point-of-Sale

http://global.networldalliance.com/new/images/products/6811.png

6811/Thr-ve-Point-of-Sale

Customized Menu Board Content

http://global.networldalliance.com/new/images/products/6689.png

6689/Customized-Menu-Board-Content

Social Security Number (SSN) Verification

http://global.networldalliance.com/new/images/products/SSN_employmentsearch.gif

1426/Social-Security-Number-SSN-Verification

Online Ordering

http://global.networldalliance.com/new/images/products/4285.png

4285/Online-Ordering

Restaurant technology news, trends & best practices

http://global.networldalliance.com/new/images/products/5079.png

5079/Restaurant-technology-news-trends-best-practices

Food Cost Management

http://global.networldalliance.com/new/images/products/6401.png

6401/Food-Cost-Management

Remote Service | Content Management Service

http://global.networldalliance.com/new/images/products/6685.png

6685/Remote-Service-Content-Management-Service

Javarama coffee

http://global.networldalliance.com/new/images/products/6961.png

6961/Javarama-coffee

Fast Casual Executive Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.