---
title: "Florida-based Franchises The Brass Tap and Beef ‘O’ Brady’s Acquired by CapitalSpring"
url: https://burnaze.com/article/826c426e-72e1-4585-8fff-8d62b1fd1edf
source: "1851 Franchise"
original_url: https://1851franchise.com/capitalspring/florida-based-franchises-the-brass-tap-and-beef-o-bradys-acquired-by-capitalspring-2710140
category: "Casual dining"
industry: "Restaurants"
segment: "Casual dining"
topics: ["Finance & M&A"]
published: 2021-03-16T22:17:58.000Z
modified: 2026-11-01T01:35:01.532Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/adea32b65b87ed95426f44d2570487388657.jpg
---

# Florida-based Franchises The Brass Tap and Beef ‘O’ Brady’s Acquired by CapitalSpring

**TL;DR:** CapitalSpring acquired The Brass Tap and Beef 'O' Brady's from Levin Leichtman. CapitalSpring raised $725 million for its fifth fund, exceeding its initial target of $500 million.

*originally published in 1851 Franchise on 2021-03-16. [Read the original](https://1851franchise.com/capitalspring/florida-based-franchises-the-brass-tap-and-beef-o-bradys-acquired-by-capitalspring-2710140).*

## Story

Richard Fitzgerald, co-founder of CapitalSpring , shared his insights on the final closing of its fifth fund in a New York Business Journal piece entitled “Brass Tap investor CapitalSpring raises $725 million for new fund.”

CapitalSpring’s initial target of $500 million for investments was exceeded by 45 percent. With this fund, CapitalSpring was able to close a deal with Los Angeles-based private equity firm Levin Leichtman, who sold the two Tampa, Florida-based franchises, The Brass Tap and Beef ‘O’ Brady’s , to CapitalSpring.

“We are pleased to have attracted strong demand from high quality limited partners for Fund V, and our team remains confident that our differentiated strategy and unique focus on the restaurant industry will continue to generate attractive risk-adjusted returns for our investors,” said CapitalSpring co-founder Richard Fitzgerald.

## Entities

- 1851 Franchise (publication)
- Restaurants (sector)
- private equity (topic)
- acquisition (topic)
- The Brass Tap (company)
- Beef 'O' Brady's (company)
- fundraising (topic)
- Capital Spring (investor)
- Capital Spring acquisition of Beef 'O' Brady's (deal)
- Capital Spring acquisition of The Brass Tap (deal)

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Originally reported by 1851 Franchise (https://1851franchise.com/capitalspring/florida-based-franchises-the-brass-tap-and-beef-o-bradys-acquired-by-capitalspring-2710140). Summarized by Burnaze (https://burnaze.com/article/826c426e-72e1-4585-8fff-8d62b1fd1edf).