The family office of Dallas businessman Brint Ryan has purchased a controlling interest in Texas-founded Mr Gatti’s Pizza, the companies announced Wednesday.
Financial terms of the deal were not disclosed.
“Our deep appreciation for the Mr. Gatti’s brand, combined with our firsthand experience operating locations across multiple markets, made this acquisition a natural and exciting opportunity,” said Amanda Ryan, founder and CEO of OneRyan Global, in a prepared statement.
There are currently no senior leadership changes expected for the Fort Worth-based pizza and entertainment company. Jim Phillips to remain as CEO and KC Mann as chief financial officer, according to a news release. Brint Ryan, who is chief executive of Dallas-based financial services firm Ryan LLC, will serve as chairman. Amanda Ryan will serve as vice chairwoman of the board of managers for the Mr Gatti’s Pizza brand.
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OneRyan Global is not a stranger to the Mr Gatti’s Pizza brand. In October, it purchased a restaurant at South Park Meadows in Austin, and it also owns a family entertainment center in Big Spring.
The family office holds a wide range of investments in the private equity, hospitality and real estate spaces, among others.
The news release on the transaction hinted at potential growth for the Mr Gatti’s Pizza brand, which was founded as The Pizza Place in Stephenville in 1964.
“[Brint Ryan] brings a compelling vision for the brand’s future, along with the expertise needed to help us reach our full potential,” said Phillips in a statement. “We are excited to have his leadership both as an owner-operator and as Chairman as we enter this next phase of growth.”
Mr Gatti’s Pizza has 200 active and forthcoming locations in Texas and across the Southeast, the news release said.