{"id":386161,"date":"2020-11-20T15:03:15","date_gmt":"2020-11-20T20:03:15","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=386161"},"modified":"2020-11-20T15:03:15","modified_gmt":"2020-11-20T20:03:15","slug":"tasty-restaurant-group-to-acquire-portfolio-of-37-pizza-hut-restaurants","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tasty-restaurant-group-to-acquire-portfolio-of-37-pizza-hut-restaurants\/","title":{"rendered":"Tasty Restaurant Group to Acquire Portfolio of 37 Pizza Hut Restaurants"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">LOS ANGELES, Nov.  20, 2020  (GLOBE NEWSWIRE) &#8212; Tasty Restaurant Group, a wholly-owned affiliate of Los Angeles-based private equity firm Triton Pacific, announced today that its affiliate, Tasty Hut, completed the acquisition of 37 franchised Pizza Hut restaurants.<\/p>\n<p align=\"justify\">The acquisition builds upon Tasty Hut\u2019s current Pizza Hut portfolio, and includes thirty-four (34) locations in Northern Virginia and three (3) locations in West Virginia. Tasty Restaurant Group will manage the portfolio and oversee its daily operations.<\/p>\n<p align=\"justify\">\u201cWe are thrilled to expand our Pizza Hut portfolio and increase our market share within the region. The addition of these locations will enhance our existing portfolio in Virginia and West Virginia, and improve operational economies of scale,\u201d said Craig Faggen, Triton Pacific\u2019s CEO. \u201cQuick service restaurants continue to perform well and have adapted to new safety and operational procedures. Pizza Hut was the first national chain to introduce contactless curbside pickup, and we are pleased to be part of an organization that puts the interests of its team members, customers and the communities it serves first.\u201d<\/p>\n<p align=\"justify\">Tasty Restaurant Group\u2019s portfolio includes 153 Pizza Hut restaurants and 63 Burger King restaurants in 10 states. This acquisition builds upon its relationship with Yum! Brands, which controls the Pizza Hut, KFC, Taco Bell and Habit Burger Grill brands.<\/p>\n<p align=\"justify\">\n        <strong>About Tasty Restaurant Group<\/strong>\n      <\/p>\n<p align=\"justify\">Tasty Restaurant Group, LLC, is a vertically integrated quick service restaurant operator which brings in-depth leadership experience and expertise in operating, building, and exiting restaurant investments. The company provides management of portfolio companies controlled by Tasty Brands, LP. Its leadership team brings over 35 years of experience and has operated over 47,000 franchisee\/franchisor locations.<\/p>\n<p align=\"justify\">\n        <strong>About<\/strong><br \/>\n        <strong>Triton<\/strong><br \/>\n        <strong>Pacifi<\/strong><br \/>\n        <strong>c<\/strong>\n      <\/p>\n<p align=\"justify\">Triton Pacific, founded in 2001, is a private equity firm offering income and growth investment programs for both accredited investors. The firm focuses on investing in established small and mid-size companies across multiple sectors that exhibit attractive fundamentals, including quick service restaurants.<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MDAyOCMzODM3OTg3IzIxMjMzOTk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/8d799e05-898f-4edb-be8d-fd76ff2d405a\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Contact: Triton Pacific Securities\r\n949.429.8500\r\nsales@tritonpacificsecurities.com <\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LOS ANGELES, Nov. 20, 2020 (GLOBE NEWSWIRE) &#8212; Tasty Restaurant Group, a wholly-owned affiliate of Los Angeles-based private equity firm Triton Pacific, announced today that its affiliate, Tasty Hut, completed the acquisition of 37 franchised Pizza Hut restaurants. The acquisition builds upon Tasty Hut\u2019s current Pizza Hut portfolio, and includes thirty-four (34) locations in Northern Virginia and three (3) locations in West Virginia. Tasty Restaurant Group will manage the portfolio and oversee its daily operations. \u201cWe are thrilled to expand our Pizza Hut portfolio and increase our market share within the region. The addition of these locations will enhance our existing portfolio in Virginia and West Virginia, and improve operational economies of scale,\u201d said Craig Faggen, Triton Pacific\u2019s CEO. \u201cQuick &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tasty-restaurant-group-to-acquire-portfolio-of-37-pizza-hut-restaurants\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Tasty Restaurant Group to Acquire Portfolio of 37 Pizza Hut Restaurants&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-386161","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tasty Restaurant Group to Acquire Portfolio of 37 Pizza Hut Restaurants - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tasty-restaurant-group-to-acquire-portfolio-of-37-pizza-hut-restaurants\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tasty Restaurant Group to Acquire Portfolio of 37 Pizza Hut Restaurants - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LOS ANGELES, Nov. 20, 2020 (GLOBE NEWSWIRE) &#8212; Tasty Restaurant Group, a wholly-owned affiliate of Los Angeles-based private equity firm Triton Pacific, announced today that its affiliate, Tasty Hut, completed the acquisition of 37 franchised Pizza Hut restaurants. The acquisition builds upon Tasty Hut\u2019s current Pizza Hut portfolio, and includes thirty-four (34) locations in Northern Virginia and three (3) locations in West Virginia. Tasty Restaurant Group will manage the portfolio and oversee its daily operations. \u201cWe are thrilled to expand our Pizza Hut portfolio and increase our market share within the region. The addition of these locations will enhance our existing portfolio in Virginia and West Virginia, and improve operational economies of scale,\u201d said Craig Faggen, Triton Pacific\u2019s CEO. \u201cQuick &hellip; Continue reading &quot;Tasty Restaurant Group to Acquire Portfolio of 37 Pizza Hut Restaurants&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/tasty-restaurant-group-to-acquire-portfolio-of-37-pizza-hut-restaurants\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-20T20:03:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MDAyOCMzODM3OTg3IzIxMjMzOTk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tasty-restaurant-group-to-acquire-portfolio-of-37-pizza-hut-restaurants\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tasty-restaurant-group-to-acquire-portfolio-of-37-pizza-hut-restaurants\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Tasty Restaurant Group to Acquire Portfolio of 37 Pizza Hut Restaurants\",\"datePublished\":\"2020-11-20T20:03:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tasty-restaurant-group-to-acquire-portfolio-of-37-pizza-hut-restaurants\\\/\"},\"wordCount\":318,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tasty-restaurant-group-to-acquire-portfolio-of-37-pizza-hut-restaurants\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5MDAyOCMzODM3OTg3IzIxMjMzOTk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tasty-restaurant-group-to-acquire-portfolio-of-37-pizza-hut-restaurants\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tasty-restaurant-group-to-acquire-portfolio-of-37-pizza-hut-restaurants\\\/\",\"name\":\"Tasty Restaurant Group to Acquire Portfolio of 37 Pizza Hut Restaurants - 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The acquisition builds upon Tasty Hut\u2019s current Pizza Hut portfolio, and includes thirty-four (34) locations in Northern Virginia and three (3) locations in West Virginia. Tasty Restaurant Group will manage the portfolio and oversee its daily operations. \u201cWe are thrilled to expand our Pizza Hut portfolio and increase our market share within the region. The addition of these locations will enhance our existing portfolio in Virginia and West Virginia, and improve operational economies of scale,\u201d said Craig Faggen, Triton Pacific\u2019s CEO. \u201cQuick &hellip; Continue reading \"Tasty Restaurant Group to Acquire Portfolio of 37 Pizza Hut Restaurants\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/tasty-restaurant-group-to-acquire-portfolio-of-37-pizza-hut-restaurants\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-20T20:03:15+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MDAyOCMzODM3OTg3IzIxMjMzOTk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tasty-restaurant-group-to-acquire-portfolio-of-37-pizza-hut-restaurants\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tasty-restaurant-group-to-acquire-portfolio-of-37-pizza-hut-restaurants\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Tasty Restaurant Group to Acquire Portfolio of 37 Pizza Hut Restaurants","datePublished":"2020-11-20T20:03:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tasty-restaurant-group-to-acquire-portfolio-of-37-pizza-hut-restaurants\/"},"wordCount":318,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tasty-restaurant-group-to-acquire-portfolio-of-37-pizza-hut-restaurants\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MDAyOCMzODM3OTg3IzIxMjMzOTk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tasty-restaurant-group-to-acquire-portfolio-of-37-pizza-hut-restaurants\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/tasty-restaurant-group-to-acquire-portfolio-of-37-pizza-hut-restaurants\/","name":"Tasty Restaurant Group to Acquire Portfolio of 37 Pizza Hut Restaurants - 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