JPB Capital Partners Acquires The Greene Turtle

Market Wire:

The Greene Turtle Franchising Corporation announced today that JPB Capital Partners has acquired a majority ownership interest in the company through an investment that will support the company’s continued growth and expansion. The Greene Turtle Franchising Corporation, based in Edgewater, MD, is an owner and franchisor of sports-oriented restaurants in the Mid-Atlantic region. Currently, 14 Greene Turtle locations are in operation and agreements are in place to open an additional 15.

Mike Sanford will continue in his role as President and CEO of The Greene Turtle Franchising Corporation and will lead the execution of the company’s strategic growth plan, including the addition of both company-owned and franchised restaurants. The company recently opened a location in the Verizon Center complex, home to the Washington Wizards and Capitals, in Washington, DC, and 2 new locations at BWI Airport and Lewes, DE will open in the coming months.