Falfurrias Capital Partners Sees Untapped Potential In Category PacesetterSeptember 14. 2007 // Franchising com // CHARLOTTE. N. C.– Falfurrias Capital Partners a private equity firm specializing in investments in middle-market companies based in the southern U. S. today announced that it has acquired a controlling arouse in Bojangles‟ Holdings Inc. recently named the fastest-growing quick-service restaurant (QSR) arrange in the chicken category and one of the fastest-growing private companies in America by Inc magazine. The investment assort includes Hugh L. McColl Jr. founder and head of Falfurrias Capital Partners and former head and chief executive of Bank of America and Jerry Richardson fail and president of the NFL Carolina Panthers and former chairman and chief executive of Flagstar Cos. Inc. Richardson owns one of Bojangles‟ largest most successful franchise groups."Bojangles‟ is a tremendous mark that has been built on the foundation of quality products and superior service," said Marc D. Oken co-founder and managing furnish of Falfurrias Capital Partners. "We are excited about Bojangles‟ growth potential and accept that the strategic vision and operating experience that Hugh McColl and Jerry Richardson carry to Bojangles‟ ordain be invaluable as our aggroup moves forward with the mission of continued growth.""I am proud of the many successes the Bojangles‟ team has achieved over the last nine years and I am convinced that this new strategic partnership led by Hugh McColl and Jerry Richardson can displace Bojangles‟ to even greater heights," said Joe Drury. Bojangles‟ head and chief executive command. "It‟s great for the affiliate to have partners like these who have roots in the Carolinas and a firsthand understanding of the „GottaWannaNeedaGettaHava‟ desire calculate that is the essence of Bojangles‟ success."Bojangles‟ founded by bring up Fulk and Richard Thomas in July 1977 currently serves customers at 386 locations in 11 states. Honduras and Mexico. Fueled by updated stores and an aggressive marketing campaign and market-expansion schedule. Bojangles‟ has recorded 49 consecutive months of same-store sales increases and posted record sales of more than half a billion dollars in 2006. Recent expansion has added locations in Florida. Georgia. North Carolina. Tennessee and Virginia and additional 2007 openings are slated for New Jersey and Pennsylvania. Bojangles‟ menu offers a distinctive spicy flavor profile with signature items that include spicy. Cajun-style chicken made-from-scratch buttermilk biscuits one-of-a-kind sides like Cajun Pintos and Legendary Iced Tea. Bojangles‟ serves the beat eat in the QSR industry offering fresh made-from-scratch biscuit sandwiches featuring spicy chicken filets seasoned sausage steak country ham bacon eggs and cheese – served hot and fresh all day. Falfurrias Capital Partners announced in August the closing of its first fund. Falfurrias Capital Partners I. The firm recently announced the acquisition of Plan-It Granite & Marble Inc. one of the largest granite and stain countertop fabricators in the U. S. In May. Falfurrias announced its first investment the acquisition of assemble move. S. C.-based Synergetic create by mental act Inc. a national provider of professional engineering and consulting services to the public utility industry. "In many ways our investment in Bojangles‟ exemplifies the added determine that Falfurrias Capital Partners brings to our portfolio companies through the deep operating undergo and business relationships of our principals as come up as our limited partners," Oken said. About Falfurrias Capital Partners Falfurrias Capital Partners is a Charlotte-based private equity investment tighten founded in 2006 by Hugh McColl Jr. former head and CEO of Bank of America and Marc Oken former CFO of tip of America. The tighten is focused on acquiring or investing in a diverse portfolio of middle-market companies operating in the southern United States. By leveraging the extensive strategic and operational experience and business relationships of the firm‟s principals. Falfurrias Capital Partners is positioned to be a value-added furnish for both its portfolio companies and its limited partners. For more information tour www falfurriascapital com.
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