Investment Firm Buys Tropical Smoothie

Published on Tuesday, August 21, 2012
Written by The Editors

Company veteran Rotondo becomes CEO.

Atlanta-based BIP Opportunities Fund, LP purchased controlling interest in Tropical Smoothie Café, a 315-unit food and smoothie franchise. Scott Pressly, partner at BIP, assumes the role of chairman of the board and Mike Rotondo receives a promotion to chief executive officer for Tropical Smoothie.

Pressly has held a variety of leadership and board positions with the International Franchise Association, and has a strong track record of financial investments in franchise brands. Rotondo has led the Tropical Smoothie Café brand for the past four years as chief operating officer.

|

2012 Best In Class Winners
See who FE&S readers named this year’s Best In Class winners. Manufacturers were evaluated for product quality, product value, product design and aesthetics, service and support, sales reps, product inventory and available product information. Click here to see the complete results.

ACityDiscount Restaurant Equipment specializes in new and used commercial kitchen equipment, grease hoods, commercial ice machines..

FESMag Event Calendar