---
title: "D'Angelo Parent Company PGHC Holdings Declares Bankruptcy"
url: https://burnaze.com/article/9e67ca00-60a7-4a9a-b86e-c97c9304708e
source: "1851 Franchise"
original_url: https://1851franchise.com/dangelo-parent-company-pghc-holdings-declares-bankruptcy-2708362
category: "Casual dining"
industry: "Restaurants"
segment: "Casual dining"
topics: ["Finance & M&A"]
published: 2018-11-05T20:15:30.000Z
modified: 2026-11-01T02:43:10.145Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/7d25ca62176163d23219f0f6f4f5a3d03637.jpg
---

# D'Angelo Parent Company PGHC Holdings Declares Bankruptcy

**TL;DR:** PGHC Holdings, parent company of D'Angelo and Papa Gino's, filed for bankruptcy protection and has a sale agreement with Wynnchurch Capital. The company closed 95 company-owned restaurants, but approximately 178 locations remain open.

*originally published in 1851 Franchise on 2018-11-05. [Read the original](https://1851franchise.com/dangelo-parent-company-pghc-holdings-declares-bankruptcy-2708362).*

## Story

PGHC Holdings, parent company of D’Angelo Grilled Sandwiches and Papa Gino’s Pizza, filed for bankruptcy protection over the weekend, the company announced .

According to a Restaurant Business article , PGHC has a sale agreement in place with investment firm Wynnchurch Capital. As part of the bankruptcy filing, the company closed 95 company-owned D’Angelo and Papa Gino’s restaurants throughout the Northeast. Approximately 100 Papa Gino's restaurants and 78 D'Angelo restaurants, including franchise locations, are remaining open as the sale goes through.

Maddie has spent her career in the media industry, serving in various editorial roles before migrating into a hybrid content strategy and PR role with No Limit Agency. Her passion for storytelling and love of writing help her create meaningful content on behalf of her clients and fulfill No Limit Agency’s mission to tell people-driven stories. Maddie is a graduate of Saint Louis University, where she studied Communications with a focus in journalism and media studies as well as Sports Business.

In her spare time, Maddie can be found exploring Chicago’s food scene, watching an NBA game or lamenting over her middling fantasy baseball team.

## Entities

- 1851 Franchise (publication)
- Restaurants (sector)
- bankruptcy filing (topic)
- restaurant closure (topic)
- Wynnchurch Capital (investor)
- sale agreement (topic)

---
Originally reported by 1851 Franchise (https://1851franchise.com/dangelo-parent-company-pghc-holdings-declares-bankruptcy-2708362). Summarized by Burnaze (https://burnaze.com/article/9e67ca00-60a7-4a9a-b86e-c97c9304708e).