Thompson Street Capital Partners, a private equity firm based in St. Louis, has acquired Freddy’s Frozen Custard & Steakburgers, a Kansas-based franchisor of fast casual restaurants.
Bob Dunn, managing partner, TSCP, said, “Freddy’s is a highly unique, scaled franchisor platform that has built a premium brand over the past two decades with leading franchisee retention, remarkable growth, and a passionate guest following of ‘FredHeads.’ We look forward to working with the outstanding team at Freddy’s to accelerate the company’s already exceptional growth.”
Randy Simon, Freddy’s co-founder and CEO, said, “There remains a large segment of the country where we are not present and by partnering with TSCP we will be better able to expand in those areas and continue our strong growth going forward. Obviously, the credit goes to our team members who have contributed immensely to our success to date and to our close-knit family of franchisees who have devoted their time and capital to develop the Freddy’s brand. We are confident that TSCP shares our values and philosophies as we continue to be guided by The Freddy’s Way in all we do.”