With new owner Blackstone, Tropical Smoothie Cafe is confident it can speed up growth as a major national marketing push gets underway. Blackstone’s buy captures the Deal of the Year in the 13th ...

Ultimately, Cancro believes 10,000 units is an achievable goal due to the brand’s focus on quality, training and its robust franchisee support system. Other brands in Blackstone’s portfolio include ...

Investment firm Blackstone purchased the restaurant franchise in April 2024, according to a news release. There are four Tropical Smoothie Cafe restaurants in Manatee County: ...

In the wake of its sale to private equity giant Blackstone for $2 billion last summer, Tropical Smoothie Café is restocking its leadership team, including promoting seven-year company veteran ...

In some cases, Blackstone appoints executive chairs to support first-time CEOs. Nigel Travis, former CEO of Dunkin' Brands, serves as chairman at both Servpro and Tropical Smoothie Cafe.

Jersey Mike's founder and CEO Peter Cancro has gone from a teenager slinging subs to one of the world's 400 richest people after selling to Blackstone.

Blackstone is poised to become the majority owner of Jersey Mike’s through an acquisition. FOX Business takes a look at some other well-known companies that Blackstone owns or has a stake in.

In April, Blackstone agreed to buy Tropical Smoothie Cafe, a franchiser of fast casual restaurants, from PE firm Levine Leichtman Capital Partners. “Blackstone has deep experience helping ...

Blackstone has bought control of Jersey Mike’s Subs, in the latest move by the private equity giant to buy franchisors.

In April, Blackstone agreed to buy Tropical Smoothie Cafe, marking its latest investment in a franchise business. Blackstone's previous franchise deals include the 2007 acquisition of Hilton ...

In April, Blackstone reached a deal to buy Tropical Smoothie Cafe, valuing the restaurant chain at $2 billion. The business has more than 1,400 locations spread across 44 states.

Blackstone has made several franchise investments in recent years. Earlier this year, it acquired Tropical Smoothie Cafe and announced an equity investment in 7 Brew Coffee.