(Ian Ritter is national online editor for GlobeSt.com/RETAIL.)

SAN FRANCISCO-Investment firm Services Acquisition Corp. International (SVI) is buying the 532-store Jamba Juice chain for $265 million. Executives at the publicly traded SVI say they plan to expand the chain in its current markets.

After the acquisition, SVI will change its name to Jamba, Inc. The chain's current management, including Paul Clayton, the company's president and chief executive officer, will remain intact.

"When we looked at Jamba Juice, we saw a unique lifestyle brand, with strong management, category dominance and solid store level economics," says Steve Berrard, SVI's chairman, in a statement. "With a long-established operating history, and an excellent opportunity for organic growth, we believe the opportunity for Jamba Juice is tremendous."