Freddy’s Frozen Custard & Steakburgers is under new ownership.
The fast casual brand with 550 locations has been acquired by investment funds affiliated with Rhône, a global private equity firm, from Thompson Street Capital Partners, a middle-market private equity firm.
Following the acquisition, the Freddy’s executive team will remain unchanged, with Chris Dull continuing to lead the charge as President & CEO, as well as Bill Valentas as CFO, Brian Wise as COO, Erin Walter as CMO, and Andrew Thengvall as CDO & CLO. Following this change in ownership, the brand remains committed to providing the same quality steakburgers, frozen custard treats, and shoestring fries guests have come to love, all paired with genuine hospitality.
The Freddy’s brand currently has more than 550 locations in the U.S. and Canada, generating more than $1 billion in system wide sales in the past year.
Terms of the acquisition were not disclosed.
