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Florida-based Cardiff International Inc. announced last week the finalization of its acquisition of Romeo’s NY Pizza.
"We are pleased to add them to our growing portfolio. We're excited to have acquired Romeo's NY Pizza, a family owned business, with great management, assets and lucrative margins and high growth potential,” Cardiff CEO Kathy Roberton said in a news release.
Romeo's NY Pizza first opened in Paterson, N.J., in 1945. It specializes in authentic New York pizza with house-made dough, as well as chicken wings, Philly steak subs, calzones and salads. Romeo’s President Gene Romeo said the opportunity to now be part of a public company provides the concept with the “platform necessary to expand the business.”
“Now with the ability to raise money with preferred shares I don't have to deal with bank loans and pledge my firstborn, with CDIF I can use the liquidly of the public company to attract investors,” he said in the release.
Romeo’s is in negotiations to open a quick-serve location in the Hartfield International Airport in Atlanta.
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