M&A Deal Summary

Maple Park Capital Acquires Rita s

On January 9, 2025, growth capital firm Maple Park Capital acquired franchising company Rita s from Argosy Private Equity and MTN Capital Partners

Acquisition Highlights
  • This is Maple Park Capital’s 1st transaction in the Franchising sector.
  • This is Maple Park Capital’s 1st transaction in the United States.
  • This is Maple Park Capital’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2025-01-09
Target Rita s
Sector Franchising
Buyer(s) Maple Park Capital
Sellers(s) Argosy Private Equity
MTN Capital Partners
Deal Type Secondary Buyout

Target

Rita s

Trevose, Pennsylvania, United States
Rita's is an ice and frozen treat franchiser in the world with more than 600 stores. Rita's is aggressively expanding internationally with operating locations in the Philippines, Canada, and the Middle East. Rita's was founded in 1984 and is based in Trevose, Pennsylvania.

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Buyer(S) 1

DESCRIPTION


DEAL STATS #
Overall 1 of 1
Sector (Franchising) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2025) 1 of 1

Seller(S) 2

SELLER

Argosy Private Equity

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 575M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argosy Private Equity is the private equity arm of Argosy Capital, an asset management firm. Argosy Private Equity provides both debt and equity capital to lower middle-market companies located throughout the US. Argosy focuses on growth companies with experienced management teams and revenues between $15 and $100 million and EBITDA of $3 to $9 million. Argosy looks to invest $5 - $20 million per transaction. Specific areas of interest include manufacturing, business services, franchising and Value added distributions. The Firm will consider a variety of transaction types, including MBO’s, recapitalizations, growth equity and acquisitions. Argosy was formed in 1990 and is based in Wayne, Pennsylvania.


DEAL STATS #
Overall 54 of 54
Sector (Franchising) 1 of 1
Type (Secondary Buyout) 10 of 10
State (Pennsylvania) 17 of 17
Country (United States) 54 of 54
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-09 Mr. Splash Car Wash

Madison , Wisconsin, United States

Mr. Splash Car Wash is a 6-site express car wash chain. Mr. Splash Car Wash is based in Madison , Wisconsin.

Buy -
SELLER

MTN Capital Partners

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

MTN Capital Partners LLC is a lower middle-market private equity firm focused on investing in North American companies. MTN will consider both healthy as well as distressed companies. Sectors of interest include manufacturing, business services, consumer products, specialty retail, restaurants, distribution, energy services, automotive, food/beverage, healthcare, marketing services, chemicals, and communications. For healthy companies, MTN targets businesses with at least $10 million in revenues and $2 to $15 million of EBITDA, and for distressed situations. MTN Capital Partners was founded in 2003 and is based in New York City.


DEAL STATS #
Overall 5 of 5
Sector (Franchising) 1 of 1
Type (Secondary Buyout) 4 of 4
State (Pennsylvania) 1 of 1
Country (United States) 4 of 4
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-13 Global Power Products

Lawrenceville, Georgia, United States

Global Power Products focused on developing products in the utility-grade electrical transfer switch, electric meter, and electric safety markets. GPP's switches allow for an effortless installation as compared to conventional switches. Global Power Products was formed in 1995 and is based in Lawrenceville, Georgia.

Buy -