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GE Capital Solutions finances Papa John's purchase
February 20, 2008
SCOTTSDALE, Ariz. — GE Capital Solutions, Franchise Finance provided more than $30 million in financing for the Washington, D.C.-based Halifax Group's purchase of PJ United Inc., the largest Papa John's International Inc. franchisee. The Halifax Group partnered with existing PJ United management to lead the buyout.
Founded in 1991, PJ United operates 116 Papa John's stores in six states.
The Halifax Group is a private-equity firm specializing in partnering with managers and entrepreneurs to recapitalize and grow lower middle-market companies across a variety of industries.
GE Capital Solutions, Franchise Finance provides financing to franchisees and franchisors in the restaurant, hospitality, branded beverage, automotive after-market, and power sports industries.
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