Boston — Hyde Park Ventures, a private investment management company, has acquired 16 Five Guys Burgers & Fries franchises across New England, making it the third largest Five Guys franchisee in the U.S.
In total, Hyde Park now owns 32 Five Guys franchises in Massachusetts, Maine, Vermont and Rhode Island with several more in development. Hyde Park operates one of the highest performing restaurant portfolios in the Five Guys system with the exclusive rights to develop 27 additional stores across New England in the coming years.
Fifth Third Bank provided the debt financing for the transaction.
Hyde Park Ventures is a vertically integrated private investment management company with a 10-year history of generating value-added returns in various asset classes and geographies. Hyde Park acquires, develops, invests in and operates multi-unit blue chip restaurant franchises and real estate assets.
Hyde Park Ventures' portfolio includes Boston-based Hyde Park Burgers, the third largest Five Guys franchisee in the United States. Hyde Park also owns Hyde Park Properties, an Austin, Texas-based national real estate developer. For more information, visit www.hydeparkventures.com.
Five Guys is a family owned and operated franchise restaurant group that focuses on serving high-quality burgers and fries. Five Guys was established in 1986 in Arlington, Va. In 2003, Five Guys opened its first franchised location and with the help of loyal franchisees, Five Guys has expanded from 5 to 1,550 locations worldwide. For more information, visit www.fiveguys.com.
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati. As of June 30, 2018, the company had $141 billion in assets and operated 1,158 full-service banking centers.
SOURCE: Hyde Park Ventures