In an announcement, Indigo Group LLC conveyed to the public its completion of the acquisition of six quick service restaurants that are based in East Texas. The business advisory and private equity firm Indigo Group was able to get funding for the purchase and served as advisor to the new management group.
Acquirement of the restaurant indicates its continued development for the hospitality subsidiary of Indigo Group including its selection of companies from a beverage line to a wine and spirits distribution company.
Tom Foley, the Managing Director of Indigo Group at the Dallas Office said, "This recent transaction sharpens our focus in the hospitality space. This industry presents unique opportunities for Indigo Group, and we're looking to expand nationally. We're currently sourcing more projects as well as counseling companies in order to foster smart growth. We are excited to be a part of this developing sector."
Jonathan Shechter, Managing Director of Indigo Group based in New York added, "We have a few short term hospitality-related targets we are looking to close in the next few months as well as some longer term projects in development. On the venture side, we remain focused on advising promising, well-positioned companies and innovative entrepreneurs in different segments and industries."
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