In June 2018, we invested in Alamo Drafthouse Cinema, the leading dine-in movie theater chain in the US. Founded in 1997, the company is headquartered in Austin, Texas and is an operator and franchisor of over 40 locations across the country and launched its own streaming service in 2020.
In May 2011, we acquired Byrider, the Indianapolis-based leading used car sales and finance business consisting of over 140 franchised and company-owned dealerships in over 30 states. To date, the business has sold more than 1.2 million cars.
In February 2015, we acquired Cotton Patch Cafe, a scratch-made Southern food restaurant concept with over 50 locations in Texas, Oklahoma, and New Mexico. Founded in 1989, the company is based in Grapevine, Texas.
In February 2016, we acquired Excel Fitness, a leading Planet Fitness franchisee based in Texas. Since closing, we have acquired additional Planet Fitness franchisees in Arkansas, Oklahoma, North Carolina and Virginia, and today operate over 75 clubs across 6 states. Planet Fitness is one of the largest and fastest-growing franchisors of fitness centers in the United States with more than 1,400 locations in operation today. Planet Fitness’ mission is to enhance people’s lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment at a value price.
In February 2022, we made a majority investment in Service Minds, a leading residential provider of electrical, HVAC, and plumbing services based in Sarasota, Florida and a franchisee of the Mister Sparky, One Hour Heating & AC, and Benjamin Franklin Plumbing brands.
In December 2012, we acquired Tacala and a related company, Boom Foods (which was later divested). In December 2013, Tacala acquired Austaco, a large group of Taco Bell restaurants based in Austin, TX. Tacala is now the largest franchisee of Taco Bell restaurants in the country, operating over 319 in the southern United States.
*Former Portfolio Company