Maple Park Capital Partners – a principal investment firm specializing in experiential and consumer services businesses – announced it has made a majority growth investment in Rita’s Italian Ice & Frozen Custard.
Launched in 1984 and based in Trevose, PA, Rita’s has grown to become the largest Italian Ice concept in the world with a franchise network spanning over 575 locations across 30 U.S. states and international markets.
KEY QUOTES:
“We are eager to partner with Maple Park given the firm’s experience in scaling businesses. This investment marks an exciting milestone in Rita’s journey and positions us well for continued strong growth and expansion with our franchise partners.”
– Linda Chadwick, CEO of Rita’s
“We are excited to partner with the Rita’s team to provide growth capital and operational resources to support the Company on its continued growth plan.”
– Alexander Blankfein, Co-Founder and Managing Partner at Maple Park
“Rita’s is an iconic brand with a distinct portfolio of high-quality desserts and treats and an impressive 40-year history. We are excited to partner with Linda and her team as we embark on the next chapter together to scale the business.”
– Andrew Lauck, Co-Founder and Managing Partner at Maple Park
