Tasty D’Lites owns 37 Dunkin’ restaurants across Vermont and North Carolina. Credit: nitpicker via Shutterstock.com.

US-based private equity firm Triton Pacific Capital Partners has announced that its portfolio company Tasty D’Lites has signed an agreement to acquire 17 Dunkin’ restaurants in the US.

Tasty D’Lites will also acquire a central manufacturing location in Vermont.

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Financial details of the deal have not been disclosed by the companies.

Triton Pacific Capital Partners CEO Craig Faggen said: “We are thrilled by the future growth opportunity this acquisition has presented us.

“Dunkin’ is a well-established leader in the quick service restaurant industry, especially in the Northeast, where there is an extremely loyal customer base.

“We believe that this demand, combined with our tenured operational leadership and the attractive economics of the acquisition, provides a compelling opportunity for Tasty D’Lites and our partners.”

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For Tasty D’Lites the deal will serve as a secondary platform investment, complementing its existing operations in Charlotte, North Carolina.

The deal establishes Tasty D’Lites’ presence in the Northeast region.

Tasty D’Lites now has 37 Dunkin’ restaurants across Vermont and North Carolina.

The Tasty Restaurant Group, an affiliated restaurant management company of Triton Pacific, manages a portfolio of 410 quick-service restaurants on behalf of Triton Pacific.

The restaurant portfolio includes operations by brands such as Dunkin’, Pizza Hut, Burger King, Baskin-Robbins, KFC and Taco Bell across 20 US states.

In April 2023, Triton Pacific Capital Partners’ portfolio company Tasty Chick’n concluded the purchase of a two-unit KFC Restaurant operator in Alabama, US.

Triton Pacific paid below $300,000 for each of the restaurants in Colbert County, Alabama, in the northwestern area of the state, which formed part of the Florence-Muscle Shoals MSA metropolitan area.

The purchase will be a strategic add-on investment for Tasty Chick’n, which operates five KFC restaurants in Alabama.