DEDHAM, Mass., Jan. 23, 2019 /PRNewswire/ -- PGHC Holdings, Inc. ("PGHC"), the parent company of the popular New England restaurants Papa Gino's Pizzeria and D'Angelo Grilled Sandwiches, today announced it received approval to sell its business to an affiliate of Wynnchurch Capital, LLC, a private equity investment firm. The sale, which does not include franchisee locations, is scheduled to close by January 31.
Papa Gino's is New England's hometown, authentic pizza for every occasion, with its signature 3-cheese blend, fresh dough made daily in Walpole, and one-of-a-kind taste, and D'Angelo Grilled Sandwiches is known for serving craveable, hot, fresh grilled favorites like the original Steak Number 9®. The company operates 141 company-owned restaurants in Massachusetts, New Hampshire, Rhode Island, and Connecticut.
"Wynnchurch's investment will enable us to renew our legacy as a community-focused restaurant company, bringing back menu favorites, serving great-tasting, fresh, high quality food, and delivering an outstanding customer experience," said Corey Wendland, Chief Financial Officer of PGHC.
"I'm thrilled that we have a partner committed to revitalizing the brands and positioning us for future growth," said Kathy Cruz, Senior Vice President of Papa Gino's Operations and Brand Services. "Together, we will be working tirelessly on delivering outstanding hospitality, improving service times and producing the best pizza in New England."
"I've been with D'Angelo for twenty-seven years because of our focus on hospitality and relationships - guests have always been at the forefront of every decision made," said Jim Croteau, Senior Vice President of D'Angelo Operations. "I'm very excited about having an opportunity to reboot and focus the operations team on the core values that built this great New England neighborhood sandwich shop."
For more information on the sale process, please visit PGHCsaletransaction.com or call 1.800.390.2649.
About Papa Gino's
Founded in 1961, Papa Gino's Pizzeria is a proud New England staple with a heritage of serving high quality, handmade pizzas with fresh ingredients and an 80-year old Italian family recipe. From a single restaurant in East Boston, Papa Gino's has expanded over the years and now has nearly 100 restaurants in Massachusetts, Rhode Island, New Hampshire, and Connecticut. It is the Official Pizza of the New England Patriots of the NFL and the New England Revolution of Major League Soccer.
About D'Angelo Grilled Sandwiches
With roots stretching back to 1967, D'Angelo Grilled Sandwiches has been serving generations of hungry New Englanders on-the-go, great tasting, grilled sandwiches like our legendary Steak Number 9® and original Steak & Cheese. Today, each restaurant remains proud to serve authentic New England sandwiches with the same highest-quality meats and breads that first won over fans more than 50 years ago.
SOURCE PGHC Holdings, Inc.