December 30, 2005
The Beekman Group Announces the Acquisition of Dunkin’ Donuts Franchise Business
The Beekman Group today announced its acquisition of one of the largest franchise networks of Dunkin’ Donuts stores based in the New York market. The franchise system, renamed TBG Food Acquisition Corp., consists of twenty locations, including several Dunkin’ Donuts / Baskin Robbins combination locations, primarily located in Westchester County, New York. Acquired out of bankruptcy, TBG has worked with the Franchisor, Dunkin’ Brands, over the past several months in an effort to obtain approval for this acquisition, and develop a plan to both improve the operations and expand the brands’ presence in Westchester County. The Beekman Group’s CEO, John G. Troiano, commented “we are thrilled to establish a partnership with Dunkin’ Brands, one of the world’s most recognizable brands. We are more than consumers of Dunkin’s products – we are believers in Dunkin’ Brands and its future growth plans. This is a brand with significant momentum and a very bright future.” The stores included in the transaction are located in several communities within Westchester County, including Goldensbridge, Harrison, Hartsdale, White Plains and Yonkers. Over the next several years TBG Food Acquisition Corp. will focus on improving the operations and image of its stores, professionalizing the management team and store personnel and significantly expanding its existing store network. About The Beekman Group The Beekman Group is a leading private equity firm dedicated to bringing financial and operational resources to small middle-market companies. TBG’s team consists of experienced private equity and operating professionals, as well as a select group of Industry Partners who are leading executives in our targeted industry segments. This Industry Partner approach to investing is the cornerstone of our investment strategy - creating value through partnership with small middle-market management teams. For more information please contact [email protected].