A specialized investment concern has teamed up with the management of Cicis Pizza to buy the 440-unit regional chain. Terms were not disclosed.
Cicis CEO Darin Harris said he and his senior team will continue to direct day-to-day operation of the chain, which operates in 33 states.
The specific executives who teamed up with Arlon Group to buy Cicis were not revealed. The pizza concept was sold by founders Joe Croce and Mike Cole—the C’s in the name—to its management in 2003.
Arlon is an investment firm that specializes in the food and agriculture industries. It was founded with funds from Continental Grain Co., a 200-year-old agriculture firm.
Cicis is known for its low-cost buffet. Patrons pay one price for all the pizza and salad they want.
The concept also boasts a scaled-down to-go format.