Jamieson is pleased to announce that it has advised the management team of Tropical Smoothie Cafe, LLC (Tropical Smoothie Cafe) on the sale of the business to Levine Leichtman Capital Partners (LLCP) from BIP Capital.
Founded in 1997, Tropical Smoothie Cafe is a leading franchisor of fast casual cafes inspiring a healthier lifestyle with more than 870 units across 44 states. Tropical Smoothie Cafe serves better-for-you smoothies, wraps, sandwiches, and flatbreads and offers upgraded app technology and enhanced mobile ordering capabilities to further elevate the digital and dine-in cafe experience.
Mike Sirkin, Jonny Jones, Evan Alper, Ian Rosamilia and Jeff Wang advised Charles Watson (CEO) and his management team on their reinvestment alongside LLCP, as well as the terms of the equity incentive program to be implemented in the new structure.
Jamieson Corporate Finance US, LLC is a member of FINRA/SIPC