Nothing Bundt Cakes (NBC), a portfolio company of Levine Leichtman Capital Partners, has announced that it has successfully acquired six NBC franchisee bakeries in the San Diego market (“San Diego Bakeries”).
NBC is a market-leading franchisor and operator of gourmet bakeries offering specialty Bundt cakes and related merchandise with over 320 locations in the United States and Canada.
As company-owned operations, the San Diego Bakeries will benefit the NBC brand and support its West Coast bakery owners, eventually becoming NBC’s training base on the West Coast and serving as additional outlets for research and development, and product innovation. The expanded geographical footprint will also allow NBC more direct touchpoints with its customers to ultimately drive the highest levels of guest satisfaction, the company said in an announcement.
Kyle Smith, CEO of Nothing Bundt Cakes, commented: “We are thrilled to add these San Diego Bakeries to our company-owned portfolio that includes locations in Dallas, Texas and Baton Rouge, Louisiana. We believe that this acquisition provides us a great opportunity to improve our overall support to our bakery owners while providing an extraordinary experience to our guests.”
Matthew Frankel, a partner at LLCP, stated: “This acquisition demonstrates our continued support of the NBC investment. We remain focused on building value for the benefit of NBC’s bakery owners, guests, employees, and investors. We are excited to take part in the next chapter of growth for the San Diego Bakeries.”