Dallas private equity firm CenterOak Partners LLC has acquired a majority stake in Wetzel’s Pretzels LLC soft-pretzel stores.

Wetzel’s Pretzels, based in Pasadena, California, is the self-described second-largest owner and franchisor of soft pretzel stores, which also serve Wetzel Dogs, Wetzel Bitz pretzel bites, lemonade, granita and other beverages. The Wetzel chain has more than 300 company-owned and franchise stores in 28 states and six countries.

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