The company hopes to re-energize the brand by capitalizing on its key strengths, and meeting the consumer demand for pizza in a family friendly setting.
June 17, 2015
Fort Worth, Texas-based Sovrano LLC, a private-equity group has acquired Gatti's Pizza. The company hopes to re-energize the brand by capitalizing on its key strengths, and meeting the consumer demand for pizza in a family friendly setting, the company said in an announcement.
Sovrano President Michael Poates will lead the Gatti's team in exploring growth initiatives, including the development of new corporate-owned restaurants in the Dallas-Fort Worth area. Gatti's is also exploring partnerships with new franchisees who share the vision of the company, the announcement said.
Gatti's began in Austin, Texas more than 45 years ago and has nearly 100 restaurants in communities across the U.S. and accounts for more than $100 million in annual revenue.