US-based OneRyan Global has bought a controlling interest in Mr Gatti’s Pizza, a pizza chain founded in Texas, for an undisclosed sum.
The deal comes after OneRyan’s acquisition of the corporate-operated Mr Gatti’s restaurant at South Park Meadows in Austin, Texas. This transaction completed Mr Gatti’s shift to a fully franchised model, with all locations now run by franchisees.
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OneRyan, which serves as the family office of businessman G. Brint Ryan, also owns the Mr Gatti’s Family Entertainment Center in Big Spring, Texas.
Under the new structure, Ryan will serve as chairman and OneRyan CEO Amanda Ryan will become vice-chairwoman of the board of managers.
Amanda Ryan said: “Our deep appreciation for the Mr Gatti’s brand, combined with our firsthand experience operating locations across multiple markets, made this acquisition a natural and exciting opportunity.
“Mr Gatti’s has built a category-leading platform in dining and family entertainment, supported by an exceptional network of franchisees. We look forward to helping the brand continue to grow and thrive.”
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By GlobalDataMr Gatti’s corporate office will remain in Fort Worth, Texas. The existing leadership team is set to stay in place, with Jim Phillips continuing as CEO and KC Mann as chief financial officer. No senior management changes are expected.
Mr Gatti’s Pizza was founded in 1964 in Stephenville, Texas, under the name The Pizza Place.
The business moved to Austin in 1969 and was rebranded as “Gatti”, a reference to the maiden name of founder James Eure’s wife.
The chain operates more than 200 locations that are currently open or in development across Texas and parts of the southeastern US.
