Blackstone Inc., the New York City-based private-equity company, has agreed to buy restaurant chain Tropical Smoothie Cafe for a reported $2 billion, including debt, the companies announced late ...

New York City-based private equity firm Blackstone announced Wednesday that it was entering into an agreement to purchase Tropical Smoothie Cafe, for what has been reported to be a $2 billion deal.

With new owner Blackstone, Tropical Smoothie Cafe is confident it can speed up growth as a major national marketing push gets underway. Blackstone’s buy captures the Deal of the Year in the 13th ...

It’s been about two and a half months since Blackstone finalized its acquisition of Tropical Smoothie Cafe. During this period ... Fifty-seven percent of guests only buy a smoothie; how can the brand ...

In the wake of its sale to private equity giant Blackstone for $2 billion last summer, Tropical Smoothie Café is restocking its leadership team, including promoting seven-year company veteran ...

AP In April, Blackstone agreed to buy Tropical Smoothie Cafe, a franchiser of fast casual restaurants, from PE firm Levine Leichtman Capital Partners. “Blackstone has deep experience helping ...

In April, Blackstone reached a deal to buy Tropical Smoothie Cafe, valuing the restaurant chain at $2 billion. The business has more than 1,400 locations spread across 44 states. The move came ...

Since 2023, the cafe has opened more than 300 new locations, more than 70% of which were opened by existing franchisees. In early 2024, Blackstone-managed funds acquired Tropical Smoothie Cafe to ...

Blackstone has made several franchise investments in recent years. Earlier this year, it acquired Tropical Smoothie Cafe and announced ... Roark Capital agreed to buy Subway, Jersey Mike’s ...

“Tropical Smoothie Cafe has had an impressive growth trajectory ... the WSJ reported. In January, Blackstone agreed to buy single-family rental builder Tricon Residential for $3.5B.