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Blackstone Buying Tropical Smoothie Cafe for $2B

The top juice and smoothie chain in US has 1,400 outlets in 44 states.

Blackstone has announced a deal to acquire Tropical Smoothie Café, the top smoothie and juice franchise in the U.S. with more than 1,400 outlets in 44 states, from Los Angeles-based private equity firm Levine Leichtman Capital Partners (LLCP).

Blackstone’s deal for the rapidly growing fast-casual chain is valued at close to $2B, including an assumption of Tropical Smoothie Café’s debt, according to a report in the Wall Street Journal. Terms of the deal were not included in the announcement.

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Jack Rogers

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