BOSTON, MA - Headwaters MB advised AUA Private Equity Partners & Triloma Capital on its acquisition of Tijuana Flats Burrito Co. The transaction will help expedite the growth of Tijuana Flats Burrito Co. as they expand the number of franchise units in the Southeast.
Tijuana Flats Chairman Camp Fitch, 63, said “we typically grow by 15 to 20 units a year. In the next five years, we will focus on the Southeast. We have the ability to do 300-350 units.”
There are more than 110 corporate and franchise locations in the Southeast, with 92 in Florida, including 24 in metro Orlando. Owners Brian Wheeler and Fitch will remain as board members, and Brad Kaemmer will remain as CEO.
Terms of the transaction were not disclosed. For more information, click here.