Blackstone (BX) to Acquire Tropical Smoothie Cafe
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Blackstone to Acquire Tropical Smoothie Cafe to Propel Leading Franchisor’s Continued Expansion
April 24, 2024 5:14 PM EDTATLANTA & NEW YORK--(BUSINESS WIRE)-- Blackstone announced today that private equity funds managed by Blackstone (Blackstone) have entered into a definitive agreement to acquire Tropical Smoothie Cafe, a leading franchisor of fast casual restaurants, from Levine Leichtman Capital Partners. This would be the first transaction from Blackstones most recent vintage of its flagship private equity vehicle, and is intended to help accelerate Tropical Smoothie Cafe's already-rapid expansion through continued investment in menu innovation, operating excellence, and best-in-class marketing.
Blackstone has a long history of successfully propelling the growth of leading franchisors, including in its previous acquisitions of... More
