Blackstone To Buy Tropical Smoothie Cafe

 Blackstone stated it would buy Tropical Smoothie Cafe from Levine Leichtman Capital Partners in a press statement.

  This could help Tropical Smoothie Cafe grow faster.

 Blackstone Private Equity senior managing director Peter Wallace stated,,,

  “Tropical Smoothie Cafe has had an impressive growth trajectory consistently building on its loyal customer base as it has scaled nationwide.

 One of our highest-conviction investments, Blackstone has extensive experience helping leading franchise firms grow.

  We think our funding and resources will help Tropical Smoothie Cafe succeed and innovate for guests and franchisees.”

 Tropical Smoothie Cafe CEO Charles Watson feels the firm thrives on providing a “outstanding experience for each guest”.

He believes its high-quality products and excellent guest service make it a “beloved brand.

  Watson loves seeing the business expand with Blackstone's support.

 Blackstone has a history of leading franchise growth. Hilton Hotels and SERVPRO are among its major acquisitions.

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