Bubbakoo’s Shifts Ownership, Plans Growth

Bubbakoo’s Burritos has a new owner in private equity firm Thompson Street Capital Partners. Terms of the transaction were not disclosed.

Bubbakoo’s, based in New Jersey, began franchising in 2015 and has since expanded to more than 130 locations across 15 states, primarily along the East Coast and Midwest. The fast-casual brand delivers a twist on traditional Mexican fare.

“We see tremendous opportunity to support Bubbakoo’s continued growth by investing in technology, brand development, infrastructure, and franchisee support systems,” says Joe St. Geme, managing director at TSCP, in the release. “The company has built a strong foundation, and our team is eager to help accelerate growth while maintaining the culture and values that have made Bubbakoo’s a success.”

Paul Altero, who co-founded Bubbakoo’s with Bill Hart, says, “Thompson Street Capital Partners brings deep experience in scaling founder-led businesses and shares our passion for supporting franchisees and delivering great experiences to customers. With their support, we’re confident Bubbakoo’s can accelerate its growth into new markets, invest in technology and infrastructure, and continue building a world-class franchise system.”

TSCP’s portfolio also includes Freddy’s Frozen Custard & Steakburgers.