Transaction Overview
Trinity Capital, a division of Citizens Capital Markets, served as the exclusive financial advisor to Pacific Bells on its acquisition by Orangewood Partners.
The Vancouver, Washington based franchise group was previously owned by Partners Group, a global private markets firm that invested in 2015 and supported the franchisee through a period of rapid expansion through acquisitions and organic growth. Under the deal, Pacific Bells’ founder and CEO Tom Cook and others on the management team will retain a significant minority stake in the company and will continue to operate the restaurants.
With more than 250 Taco Bell locations, Pacific Bells was founded in 1986 in Oregon, and has since grown to include units in nine states, including Alabama, Arkansas, California, Mississippi, Ohio, Oregon, Tennessee, Washington and Wisconsin.
Under the new ownership, the group plans to continue its growth through both acquisition and new unit openings in current and additional markets, the company said.
Transaction Testimonial
"Over the last 35 years, we’ve assembled a highly capable and dedicated team that strives to deliver an exceptional guest experience day in and day out. Our new partnership with Orangewood, an experienced, long-term investor with a focus on the QSR sector, will help continue the expansion of our Taco Bell portfolio and create more growth opportunities for our talented and dedicated employees. We look forward to this partnership and continuing to be a best-in-class operator delivering a world-class customer experience."
Tom Cook, CEO Pacific Bells
