Operations
Investment firm buys investor share in Lou Malnati’s Pizzeria
October 4, 2021
A San Francisco investment firm, The Meritage Group, is buying an ownership stake in Lou Malnati's Pizzeria but nothing, from leadership to pizza quality, will change, according to the original owners.
The Meritage Group is buying the stake held by BDT Capital, a Chicago investment firm that invested in the chain five years ago, according to a Chicago Sun Times report.
"Don't look for changes because there won't be any. ... Great pizza will remain great pizza," Marc Malnati told the news outlet. He and his brother Rick will retain part ownership.
Financial details were not disclosed, according to the report.
"So nothing really changed on our end. My brother and I are still the largest individual investors and owners, and things just go on," Marc Malnati told the news outlet.
The company operates 69 locations across four states. The brothers' parents launched the first location in 1971.
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