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Boathouse Capital Supports Latest KBP Foods Acquisition

August 05, 2015, 07:02 AM
Filed Under: Restaurant

Boathouse Capital announced that its portfolio company, KBP Foods, has acquired 24 Yum! Brands restaurants in KS, MO and FL. KBP now operates 247 restaurants across  ten states throughout the Midwest and Southeastern United States, making it one of the largest Yum! brands franchisees in the country.

"KBP's successful growth strategy continues and this acquisition is right in line with our business model," said Barry Dubin, KBP Foods Chief Development Officer.  "With our recent recapitalization, we are continuing to seek out opportunities for KBP to add 50 to 60 new units a year."

Steve Gord, Partner stated, "Barry and his team are excellent operators and I'm eager to watch them apply their expertise in our newest assets. The 24 new restaurants will provide increased density in KS, MO and FL, which should improve operational functionality and help increase profitability. KBP has been able to develop talent at the store level by implementing outstanding training and systems designed to incentivize and foster teamwork needed to operate efficiently. "
 Boathouse Capital is a Philadelphia-based private equity firm that manages $350 million in two separate funds. We invest $5 million to $25 million of mezzanine debt and equity into lower middle market businesses across the U.S that generate $1.5 million or more of EBITDA.

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