The Markham, Ontario Serruya family, which manages a private equity fund that invests in retail franchises, has bought a controlling interest in Kahala Corp., a Scottsdale, Arizona-based fast food restaurant company, writes The Globe and Mail. The acquisition price was not disclosed. Kahala owns Canadian brand Cold Stone Creamery, an ice cream chain that has a business partnership with Tim Hortons. Toronto-based private equity firm Delavaco Group, which has in the past partnered with the Serruya family, also took a stake in Kahala.
For further information about Kahala Corp., please visit the company’s website.
For further information about Cold Stone Creamery, please visit the company’s website.
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