Thompson Street Capital Partners, a private equity firm based in St. Louis, acquired Freddy’s Frozen Custard & Steakburgers, a Kansas-based franchisor of fast casual restaurants.
The terms of the deal were not disclosed.
Founded in 2002 by Randy Simon, CEO, and Scott Redler, COO, with its first company-owned location in Wichita, Freddy’s fast casual restaurants feature steakburgers, shoestring fries, and freshly churned frozen custard. The company’s family friendly restaurants focus on premium quality ingredients, cooked-to-order food, and best-in-class hospitality. Since opening the first franchise location in 2004, Freddy’s system has expanded to more than 360 franchised locations and over 30 company-operated restaurants spanning more than 30 states nationwide.
The proceeds from the investment will enable the company to continue to expand its business reach.