Buyer Gala Capital Partners specializes in restaurant franchisors with 25 to 500 locations.
Rusty Taco’s sales totaled $35.5 million last year, posting a 28% gain from the previous year, according to trade publication Franchise Times.Rusty Taco, the fast-casual restaurant that got its start on Dallas’ Greenville Avenue, is being acquired by a California investment firm that also owns hundreds of locations in two other North Texas-headquartered chains.
Gala Capital Partners of Costa Mesa, Calif., said Monday that it’s buying the 37-location Mexican-themed chain that started in 2010 with his wife Denise. Terms of the deal with seller Inspire Brands weren’t disclosed.to Dine Brands Global Inc. of Glendale, Calif.Gala Capital, founded by restaurant entrepreneur and investor Anand Gala, also holds investments in a combined 400 locations of Coppell-based Cicis Pizza and Plano-based Mooyah Burgers, Fries and Shakes.
“We couldn’t be more positive about bringing Rusty Taco into the GCP portfolio,” Gala said in a statement. “While the future looks bright, we also know that there’s fantastic opportunity right now for the brand.”Gala, whose firm specializes in restaurant franchisors with 25 to 500 locations, described Rusty Taco as being in “a dining segment that is on-trend” while offering competitive investment returns for franchise operators.
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