Blackstone to buy Tropical Smoothie Cafe in $2 billion deal, WSJ reports - Investing.com

Retrieved on: 2024-04-24 19:24:13

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Juice bars

Destin, Florida

Tropical Smoothie Cafe

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Blackstone to buy Tropical Smoothie Cafe in $2 billion deal, WSJ reports - Investing.com. View article details on HISWAI: https://www.investing.com/news/stock-market-news/blackstone-to-buy-tropical-smoothie-cafe-in-2-billion-deal-wsj-reports-3395073

Summary

Blackstone Inc. acquired Tropical Smoothie Cafe, a franchise originating from Destin, Florida, for $2 billion. Tropical Smoothie, known for juice bars and smoothies, strengthens Blackstone's portfolio, which includes other franchises like Servpro. Barclays advised on the transaction.

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