Mexican brand Fuzzy’s Taco Shop has received a majority investment from NRD Capital Management, the investor announced Friday.
The 90-unit Texas-based chain aims to expand its reach “dramatically,” a plan it says will be helped by its partnership with the private-equity firm.
“We could not be more excited to partner with NRD for not only the future of our brand development, but also for our current franchisees who have been instrumental in our success to date,” Mel Knight, vice president of Fuzzy’s Taco Shop, said in a statement.
Details of the investment were not disclosed.
NRD—which focuses on growing small to mid-sized franchisors—last year acquired Frisch’s Restaurants for $175 million. The firm is under the leadership of Aziz Hashim, chairman of the International Franchise Association and a former QSR chain franchisee.