Round Table Pizza, a San Francisco Bay Area-based restaurant chain, has been acquired by Global Franchise Group, a strategic brand management company.
Atlanta-based Global Franchise Group is the franchisor of Great American Cookies, Hot Dog on a Stick, Pretzelmaker and Marble Slab Creamery/Maggie Moo’s Ice Cream and Treatery. The acquisition includes Round Table Pizza’s affiliated concepts, Round Table Clubhouse and Round Table Pizza Wings and Brew, according to a news release.
Round Table Pizza, known for its signature tagline, “The last honest pizza,” was founded by Bill Larson in the San Francisco Bay Area in 1959 . It currently has 440 restaurants across the western United Sates and the world, including numerous restaurants in the Sacramento region..
“Round Table Pizza has become a standard in the industry and Global Franchise Group’s acquisition of our famous and respected brand provides market validation of a tremendous accomplishment by our employees, franchisees and everyone involved in the success of Round Table Pizza,” Rob McCourt, CEO and president of Round Table Pizza, said in a written statement.
Jack Robertson, chairman of board of Round Table Pizza, said, “Round Table’s employee owners have seen a dramatic increase in their equity over the last six years and this deal allows them to reap the rewards of their hard work and dedication to making Round Table pizza what it is today and getting the brand to this moment.”
The acquisition of Round Table Pizza increases GFG’s West Coast presence, adding 70 new stores for a total of 140 locations. GFG plans to invest in menu and technology innovations, and remodeling restaurants, the news release said.
“Global Franchise Group has successfully grown both organically and via acquisition,” Chris M. Dull, president and CEO of GFG, said in a written statement. “We know how to champion brands and operate and support profitable concepts to take them to the next level.”