TPG Growth, the middle market and growth equity investment platform of Fort Worth-based TPG, today announced the acquisition of Farmers Branch-based Taco Bueno.
Taco Bueno has served “Tex-Mex Made Fresh” since 1967, when the first restaurant opened in Abilene. Since then, the company has expanded to 177 locations spread across Texas, Oklahoma, Missouri, Kansas, Arkansas, Louisiana, and Colorado.
The seller is Palladium Equity Partners LLC. Palladium in 2005 acquired TB Corporation, based in Farmers Branch. No price for the acquisition was announced.
“TPG Growth is focused on partnering with exceptional management teams and companies to help grow their businesses,” said Sanjay Banker, a partner at TPG Growth, based in San Francisco.. “In Taco Bueno, we found a company with a loyal customer following and a dedicated leadership team. Under TPG’s ownership, Taco Bueno will continue to build on its momentum, enhance the Company’s strong brand recognition and loyalty, and grow its footprint in new and existing markets.”
Taco Bueno restaurants have their own fan base, self-described as “Buenoheads.”
“TPG Growth is the“TPG Growth is the ideal partner to help us to continue our momentum and take Taco Bueno to the next level,” said Mike Roper, CEO of Taco Bueno. “Their experience helping to build some of the most iconic consumer brands in the world, as well as their experience with leading QSRs, will be extremely valuable as we look to accelerate growth while maintaining the high-quality experience that keeps our customers coming back.”