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đź”´ PRIVATE EQUITY OWNED
Tropical Smoothie Cafe
smoothies & fast casual · Atlanta, GA
PE Firm
Blackstone
Year Acquired
2024
“Blackstone paid $2 billion for your smoothie habit.”
The PE Playbook
- •Bought by Blackstone for $2 billion in June 2024 from Levine Leichtman Capital Partners
- •Grew from 870 to 1,400+ locations under previous PE owner in just 4 years
- •Third private equity owner since 2020 — your smoothie has been flipped more times than a house
- •Blackstone's restaurant portfolio now includes Jersey Mike's, Tropical Smoothie, and 7 Brew