DALLAS, TX & TREVOSE, PA — Maple Park Capital Partners has announced a majority growth investment in Rita’s Italian Ice & Frozen Custard, the world’s leading Italian Ice brand. This strategic partnership is expected to accelerate the company’s expansion and enhance its operational capabilities as it builds on its impressive 40-year legacy.
Founded in 1984 in Bensalem, PA, and headquartered in Trevose, Rita’s has grown to encompass more than 575 locations across 30 U.S. states and international markets. Known for its Italian Ice made fresh daily with real fruit and its signature frozen custard, Rita’s has established itself as a beloved brand dedicated to spreading “Ice, Custard, Happiness!”
“This investment marks an exciting milestone in Rita’s journey,” said Linda Chadwick, CEO of Rita’s. “We are eager to partner with Maple Park given the firm’s experience in scaling businesses. This partnership positions us well for continued strong growth and expansion with our franchise partners.”
Alexander Blankfein, Co-Founder and Managing Partner at Maple Park, highlighted the firm’s commitment to supporting Rita’s ambitious growth plans. “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.”
Echoing this sentiment, Andrew Lauck, Co-Founder and Managing Partner at Maple Park, emphasized the brand’s potential. “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 work together to scale the business.”
Maple Park Capital specializes in investing in businesses within the experiential economy, including dining, entertainment, travel, and hospitality. With its extensive industry expertise, the firm is well-positioned to help Rita’s achieve its long-term goals and expand its presence in new markets.
Rita’s, already a leader in its category, is poised for significant growth with the added support of Maple Park’s strategic investment, ensuring that more customers around the world can experience its iconic frozen treats in a fun-filled atmosphere.
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