Owner of Papa Gino's Pizzeria sells to portfolio company
The proposed transaction would significantly strengthen the chains' financial resources.
PGHC Holdings, Inc., the Deedham, Mass.-based parent company of Papa Gino's Pizzeria and D'Angelo Grilled Sandwiches, reached an agreement to sell the company to Wynnchurch Capital, Rosemont, Ill.
The proposed transaction would significantly strengthen the chains' financial resources, allowing PGHC to remodel and modernize the 141 company-owned restaurants in Massachusetts, New Hampshire, Rhode Island and Connecticut, as well as open additional restaurants throughout New England and enhance its online ordering capabilities at all restaurants.