Mergers and Acquisitions

Tropical Smoothie Cafe Gains New Owner

Blackstone aims to accelerate the fast-casual brand’s already-rapid expansion.

The group gained 26 units from a fellow franchisee, plus has plans to develop more.

With new ownership, among other changes, unit renovations are in the pipeline for this Florida-based brand.

The deal with a UK-based franchisee will give the brand more corporate-owned stores and capital to expand its global footprint.

Johnson-Lancaster gains a stronger presence in the region, while the West Coast dealership expands its services.

The addition of the family-owned company enables Easy Ice to further expand in the Lone Star State.

The fresh business deal expands Elverson, Pa.-based Singer Equipment Co.’s reach into the southeast.

Benihana and RA Sushi join a portfolio that also includes STK and Kona Grill.

The alliance allows the groups to expand their product offerings and other resources.

International Ali Group companies, meanwhile, are not affected by the change.

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