OneRyan International LLC has acquired a controlling curiosity in Mr Gatti’s Pizza, in keeping with an announcement launched Wednesday. The phrases of the transaction weren’t disclosed.
The acquisition follows OneRyan International’s buy of the corporate-owned Mr Gatti’s restaurant at South Park Meadows in Austin, Texas, in October 2023. That transaction accomplished Mr Gatti’s transition to a totally franchised system, with all corporate-owned places re-franchised. OneRyan International additionally owns the Mr Gatti’s Household Leisure Middle in Huge Spring, Texas.
Following the acquisition, G. Brint Ryan will function Chairman, and Amanda S. Ryan will function Vice Chairwoman of the Board of Managers for Mr Gatti’s Pizza. The corporate said that its company headquarters will stay in Fort Price, Texas. The present management staff, together with Jim Phillips as Chief Govt Officer and KC Mann as Chief Monetary Officer, will stay in place. No modifications to the senior administration staff are anticipated because of the transaction.
Mr Gatti’s Pizza operates greater than 200 energetic and forthcoming places in Texas and the Southeastern United States. The corporate didn’t disclose any plans to vary its franchise community or operational technique as a part of the acquisition.
The announcement didn’t embody monetary particulars or specify any fast enlargement or growth plans. The corporate indicated that the acquisition is meant to help continued progress below the prevailing management construction.
No further info relating to future openings, new markets, or growth agreements was offered within the announcement. The corporate didn’t touch upon any anticipated modifications to its enterprise mannequin or franchise system following the transaction.
The acquisition marks the newest growth in Mr Gatti’s transition to a franchise-only system, which was accomplished in October 2023. OneRyan International’s involvement with the model contains possession of each a franchised restaurant and a household leisure middle in Texas previous to this controlling curiosity acquisition.
Mr Gatti’s Pizza’s headquarters will stay in Fort Price, and the corporate’s management staff will proceed of their present roles, in keeping with the assertion.
