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Private Equity
brittprivatecapital.com

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Investments

2

About Britt Private Capital

Britt Private Capital is the private investment firm of Chris L. Britt. The firm's focus is on making control oriented equity investments in businesses that are either leaders in their market segments, or have the foundation to become leaders in their market segments with the addition of capital and guidance.

Britt Private Capital Headquarters Location

24 Corporate Plaza Suite 100

Newport Beach, California, 92660,

United States

949-861-3639

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Latest Britt Private Capital News

Mountain Mike's Co-CEOs Buy Out Levine Leichtman Capital Partners

Feb 17, 2022

Mountain Mike's Co-CEOs Buy Out Levine Leichtman Capital Partners ben Thu, 02/17/2022 - 09:56 Levine Leichtman Capital Partners announced Thursday that it sold its interest in Mountain Mike's Pizza to co-CEOs Chris Britt and Ed St. Geme.  In 2017, the Los Angeles-based private equity firm partnered with Britt Private Capital (Britt) and Jupiter Holdings (St. Geme) to acquire the pizza concept, back when it had more than 180 units. In the years since, Mountain Mike's has expanded to 250 restaurants in California, Oregon, Utah, Arizona, Idaho, and Nevada. The chain was founded in 1978 and is headquartered in Newport Beach, California.  “The investment in [Mountain Mike's] has been extremely successful for [Levine Leichtman Capital Partners] and the Company’s management team," Matthew Frankel, managing partner of Levine Leichtman, said in a statement. "Since our initial investment in 2017, [Mountain Mike's has substantially increased its store count and expanded into several new states. Additionally, we have accelerated value creation through initiatives such as acquiring territory rights, creating a franchise development team, and successfully launching the [Mountain Mike's mobile app. We are excited to see [Mountain Mike's continue to execute its growth plan and wish the Company continued success in the future.” The move comes after Mountain Mike's experienced its best year on record. In 2021, systemwide sales surpassed $250 million, after only passing $200 million in 2020. Same-store sales increased 15 percent year-over-year and systemwide AUV eclipsed $1 million, with the top quartile at $1.6 million. Additionally, digital mix has tripled in the past two years and accounted for more than $100 million in 2021, or about 40 percent of total sales.  The company also described 2021 as "the foundation for the most significant franchise development expansion in its history." Mountain Mike's opened 18 new restaurants and signed development agreements for more than 60 stores. In 2022, the chain expects 30 new openings, including debuts in Arizona, Idaho, Colorado, and Texas. “We are very grateful for our successful partnership with [Levine Leichtman Capital Partners] over the past five years," Britt said in a statement. "As we look forward to the continued growth of Mountain Mike’s Pizza across the country, the contributions LLCP has made to our strategy and franchising capabilities have been instrumental to our accomplishments to date.”  St. Geme added, "[Levine Leichtman Capital Partners] has been the perfect value-add partner for us, and their people have been great to work with. We will miss their counsel and our collaboration.” Honigman LLP served as legal counsel to Levine Leichtman in connection with the transaction. read moreFinanceFranchisingGrowthMountain Mike's

Britt Private Capital Investments

2 Investments

Britt Private Capital has made 2 investments. Their latest investment was in NUPLA Tools as part of their Other Investors on .

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Britt Private Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

Other Investors

NUPLA Tools

Yes

Other Investors

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0

Date

Round

Other Investors

Other Investors

Company

NUPLA Tools

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Amount

New?

Yes

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Co-Investors

Sources

0

Britt Private Capital Acquisitions

1 Acquisition

Britt Private Capital acquired 1 company. Their latest acquisition was Mountain Mike's Pizza on April 20, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/20/2017

$99M

Management Buyout

1

Date

4/20/2017

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Management Buyout

Sources

1

Britt Private Capital Team

1 Team Member

Britt Private Capital has 1 team member, including current Chief Executive Officer, Chris Britt.

Name

Work History

Title

Status

Chris Britt

Chief Executive Officer

Current

Name

Chris Britt

Work History

Title

Chief Executive Officer

Status

Current

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