TPG Growth, the middle market and growth equity investment platform of TPG, announced the acquisition of Tex-Mex quick-service-restaurant-plus chain Taco Bueno. Details of the transaction were not disclosed.
"TPG Growth is focused on partnering with exceptional management teams and companies to help grow their businesses," says Sanjay Banker, a partner at TPG Growth. "In Taco Bueno, we found a company with a loyal customer following and a dedicated leadership team. Under TPG's ownership, Taco Bueno will continue to build on its momentum, enhance the company's strong brand recognition and loyalty, and grow its footprint in new and existing markets."
Taco Bueno has served "Tex-Mex Made Fresh" since 1967, when the first restaurant opened in Abilene, Texas. For more than 45 years, the Company has expanded to 177 locations while maintaining its commitment to offer meals that are prepared fresh, by real cooks, in real kitchens, using real ingredients.
Taco Bueno restaurants showcase fresh preparation and a comfortable environment. The combination of delicious food and an inviting atmosphere has led to a loyal following of customers. These self-described "Buenoheads" have allowed Taco Bueno to expand into new markets and enjoy industry-leading customer satisfaction and quality ratings.
"TPG Growth is the ideal partner to help us to continue our momentum and take Taco Bueno to the next level," says Mike Roper, CEO of Taco Bueno. "Their experience helping to build some of the most iconic consumer brands in the world, as well as their experience with leading [quick serves], will be extremely valuable as we look to accelerate growth while maintaining the high-quality experience that keeps our customers coming back."
Taco Bueno operates across 177 locations in Texas, Oklahoma, Missouri, Kansas, Arkansas, Louisiana, and Colorado.