NEW YORK--(BUSINESS WIRE)--Management of Beef ‘O’ Brady’s and The Brass Tap has announced that they have partnered with CapitalSpring to recapitalize FSC Franchise Co., LLC and positioned the business for continued growth.
Headquartered in Tampa, Florida, FSC is an industry-leading franchisor of restaurants and bars with approximately 220 units across the United States. FSC’s portfolio includes Beef ‘O’ Brady’s, a family sports-themed restaurant offering high quality food in a comfortable and friendly environment, and The Brass Tap, a growing specialty craft beer-focused restaurant and bar featuring over 300 varieties of beers.
Chris Elliott, the CEO of the Company stated “There are many exciting changes happening at FSC as part of this transaction, the most notable of which is that the entire senior management team has chosen to meaningfully invest in the ownership of FSC. This commitment demonstrates our deep belief in both brands and the future of FSC. Partnering with CapitalSpring provides FSC the opportunity to work with likeminded and experienced partners who will support our continued success. We are fired up about the future and hope to share this new enthusiasm across our entire system.”
Wade Daniel of CapitalSpring added “We are excited to partner with Chris and the team to accelerate the growth of two proven franchise systems. In many ways, FSC represents our prototypical transaction where we seek to invest capital with a proven and committed management team to take their business to the next level.”
Brookwood Associates served as lead financial advisor, SunTrust Robinson Humphrey served as co-financial advisor, and Honigman Miller Schwartz and Cohn LLP served as legal advisor to FSC in connection with the transaction.
Founded in 2005, CapitalSpring is one of the most active private investors focused on the restaurant industry. The Firm currently manages assets in excess of $1.3 billion and has completed investments in the operations of over 50 different restaurant brands and 4,000 restaurant locations. CapitalSpring has offices in Nashville, Los Angeles, Atlanta, and New York.
For more information about CapitalSpring, please visit www.capitalspring.com.