Mr. Gatti’s Pizza has sold a majority stake to OneRyan Global, the family investment office of G. Brint Ryan, the pizza chain said Wednesday in an emailed press release. Terms of the deal were not disclosed.
OneRyan Global originally invested in the chain last October, when it bought a company-owned Mr. Gatti’s restaurant in Austin, Texas. That transaction made Mr. Gatti’s a 100% franchisee-operated chain. OneRyan Global took a minority stake in the brand in September, according to another emailed press release. The company also owns a Mr. Gatti’s Family Entertainment Center in Big Springs, Texas.
Ryan will serve as chairman, while Amanda S. Ryan will serve as vice chairwoman of the board of managers. The pizza chain’s corporate headquarters will remain in Fort Worth, Texas, and existing leadership will stay in place, with Jim Phillips remaining as CEO and KC Mann as chief financial officer. The new owners do not anticipate any impact to senior management…