Bubbakoos Burritos Acquired by TSCP
Deal News | Jun 18, 2025 | Thompson Street Capital Partne
Thompson Street Capital Partners (TSCP), a St. Louis-based private equity firm, has acquired Bubbakoo’s Burritos, a fast-casual Mexican-fusion restaurant franchisor based in New Jersey. While the terms of the deal were not disclosed, Bubbakoo’s, founded in 2008 by industry veterans Bill Hart and Paul Altero, has grown to over 130 locations across 15 states, predominantly on the East Coast and Midwest. This acquisition aligns with TSCP's strategy of investing in scalable and founder-led businesses, particularly within the fast-casual dining segment which is experiencing significant growth due to the demand for customizable and flavorful cuisine. TSCP aims to support Bubbakoo's next growth phase by improving technology, brand development, and franchise support, while maintaining its unique culture and operational values. Sidley Austin served as legal advisor to TSCP in this transaction.
Sectors
- Private Equity
- Restaurant and Food Services
- Franchising
Geography
- United States – The transaction involves companies based in the U.S., with Bubbakoos Burritos having locations across 15 states.
- New Jersey – Bubbakoos Burritos was founded and is headquartered in New Jersey.
- St. Louis, Missouri – Thompson Street Capital Partners is based in St. Louis, Missouri.
Industry
- Private Equity – This industry is relevant as the article discusses a transaction led by a private equity firm, Thompson Street Capital Partners.
- Restaurant and Food Services – Bubbakoos Burritos operates in the fast-casual dining sector, which is a part of the broader Restaurant and Food Services industry.
- Franchising – Bubbakoos is a franchisor of a restaurant concept, a key aspect of the franchising industry.
Financials
- Unknown – The financial terms of the acquisition were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bubbakoos Burritos | Target Company | Company | A fast-casual Mexican-fusion restaurant franchisor founded in 2008 in New Jersey, with over 130 locations. |
| Thompson Street Capital Partners | Buyer | Company | A private equity firm based in St. Louis, focused on investing in scalable, founder-led businesses. |
| Sidley Austin | Legal Advisor | Company | Provided legal advisory services to Thompson Street Capital Partners for the transaction. |
| Bill Hart | Co-Founder | Person | Co-founder of Bubbakoos Burritos. |
| Paul Altero | Co-Founder | Person | Co-founder of Bubbakoos Burritos. |
| Bob Dunn | Managing Partner | Person | Managing Partner at Thompson Street Capital Partners. |
| Joe St. Geme | Managing Director | Person | Managing Director at Thompson Street Capital Partners. |