Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, announced today that is has completed the sale of FSC Franchise Co., LLC (“FSC” or the “Company”).
Headquartered in Tampa, Florida, FSC is an industry leading franchisor of restaurants and bars in the United States. FSC’s portfolio includes Beef ‘O’ Brady’s, a family sports restaurant offering high quality food in a comfortable and friendly environment, and The Brass Tap, a specialty craft beer-focused bar featuring over 300 varieties of beers.
Lauren Leichtman, CEO of LLCP, said, “The FSC investment has been a tremendous success for LLCP and for the Company’s management team, who have worked tirelessly to build the business over the course of our partnership. FSC has a bright future ahead and we wish the management team continued success.”
Chris Elliott, CEO of FSC, commented, “While we’re very excited to enter our next phase of growth, FSC will truly miss working with the LLCP team. LLCP has been a great partner to us by supporting our key growth initiatives throughout the years. Their guidance and execution were extremely helpful and highly valued by the FSC management team.”
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 sale.