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09/08/2020

Tropical Smoothie Cafe Sold

Anna Wolfe
Senior Editor - Restaurants
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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."

 

The Atlanta-based brand will continue to be run by the existing executive team led by CEO Charles Watson.