Pizza News

Papa Murphys Take 'N' Bake Pizza for Sale

According to a report from Nation’s Restaurant News, “ Papa Murphy’s International confirmed Wednesday that its private-equity parent company, Charlesbank Capital Partners LLC, has hired North Point Advisors to explore a sale of the take-and-bake pizza chain.”

“Papa Murphy’s, which franchises nearly all of its 1,100 locations, was purchased by Boston-based Charlesbank Capital about five years ago. While many in the pizza segment have struggled, Papa Murphy’s take-home pizza offerings have been nearly recession-resistant. The chain opened more than 100 locations during each of the past two years and has posted positive same-store sales growth.Earlier this year, Papa Murphy’s president and chief operating officer, as well as its chief marketing officer resigned. John Barr is the company’s current chief executive.”