Levine Leichtman Capital Partners, a Los Angeles-based private equity firm, has partnered with management to acquire Tropical Smoothie Cafe LLC.
Atlanta-based Tropical Smoothie Cafe will continue to be run by the existing executive team led by CEO Charles Watson. The franchisor has 870+ fast casual cafes in 44 states.
"My team and I are very excited to partner with LLCP as Tropical Smoothie Cafe seeks to enhance its market-leading position," said Watson. "Having the opportunity to leverage LLCP's extensive franchise expertise will be pivotal in driving further growth and supporting franchisees in inspiring better in our guests."