TL;DR
Buddy's Pizza accelerates growth with a financial investment from CapitalSpring, leveraging the brand's passionate customers and deep-rooted equity. The investment will help introduce Buddy's iconic pizza to new customers in Detroit and beyond.
Everyone has their preference when it comes to pizza, but with the financial leverage provided by CapitalSpring, Buddy’s Pizza is making a comeback in the Midwest-Detroit area and beyond. Erik Herrmann, managing director at CapitalSpring, spoke on the pizza partnership with Robert Jacobs, CEO of Buddy’s, in a Nation’s Restaurant News article.
Buddy’s has been around for over 72 years and has been known as the originator of the iconic square pie. CapitalSpring was able to accelerate Buddy’s growth because of Buddy’s passionate customers, deep-rooted brand equity and overall substantial restaurant expertise.
“This partnership is a significant opportunity for us to introduce Buddy’s iconic pizza, rich culture and community roots to new customers in Detroit and beyond,” said Robert Jacobs, CEO of Buddy’s, in a statement. “We are extremely excited for this new chapter and to have found a partner that can not only maintain our commitment to quality food and an exceptional guest experience, but also offer substantial restaurant expertise.”
In this story
This story was originally published in 1851 Franchise on March 16, 2021. Burnaze summarizes and links to the original reporting.
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