Harris Williams & Co. Advises PizzaRev on its Sale to Cleveland Avenue LLC
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces its exclusive advisory role in the sale of Pie Squared Holdings LLC, parent company of PizzaRev LLC (PizzaRev), to a subsidiary of Cleveland Avenue LLC (Cleveland Avenue). This transaction for PizzaRev, a leading fast-casual concept, was led by Glenn Gurtcheff, Brant Cash, Andy Warczak and Brant Wilczek of Harris Williams & Co.’s Consumer Group.
“PizzaRev is a leading fast-casual pizza concept that has differentiated itself by elevating the pizza experience using higher quality ingredients, pouring local craft beers, offering chef crafted salads and serving them in a comfortable PizzaRev restaurant or at home through third party delivery providers,” said Brant Cash, a director in Harris Williams & Co.’s Consumer Group. “The management team has built an exciting brand and attractive franchise that is poised to continue its impressive growth under Cleveland Avenue’s ownership. Cleveland Avenue brings a wealth of experience to PizzaRev and we are looking forward to the company’s continued success.”
“Today’s consumer is focused on convenience, quality and value,” added Glenn Gurtcheff, a managing director at Harris Williams & Co. “PizzaRev continues to be at the forefront of the industry, making fast-fired pizzas with as many high quality toppings as you like for a fixed price. Consumers recognize PizzaRev’s value and are coming back to the brand over and over again.”
PizzaRev is a leading fast-casual pizza concept, offering highly customizable and high-quality pizzas cooked in under three minutes. PizzaRev also offers salads, desserts and alcoholic and non-alcoholic beverages. The company is headquartered in Westlake Village, California and has successfully grown its footprint to 46 locations since opening its first location in late 2012. PizzaRev currently operates 19 company-owned and 27 franchised stores with 42 locations across the U.S. and four in Mexico.
Cleveland Avenue is a privately-held accelerator which identifies and supports innovative restaurants and food and beverage startups by providing collaborative expertise, educational tools and financial resources.
Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.
Harris Williams & Co.’s Consumer Group has completed more than 50 transactions in recent years across a variety of verticals, including branded consumer products; consumer services; food, beverage and agribusiness; and restaurant and retail. For more information on Harris Williams & Co.’s Consumer Group and other recent transactions, visit the Consumer Group’s section of the Harris Williams & Co. website.
Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 7078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.