Local Firm Snaps Up 91 Area Pizza Huts

Orlando Business Journal:

A local firm quietly bought all 91 Orlando-area Pizza Hut restaurants for $35 million from Pizza Hut parent company Yum! Brands Inc. on Dec. 7 — and now plans to serve up a big slice of business to Central Florida vendors.

Orlando-based CFL Pizza LLC was formed in early 2009 to make the transaction, and now is responsible for the restaurants’ 1,750 employees.

CFL Pizza CEO Andy Rosen, whose investors include the Syosset, N.Y., private equity firm Northwood Ventures, said one of the first pieces of business up for grabs is the firm’s $2 million to $2.5 million ad budget. Read more.