The boutique private equity firm's founder, Seenu Kasturi, tells ABiz the deal worth $4.8 million includes three company-owned stores and an expanding galaxy of franchises nationwide.
Clean lines and modern decor characterize YOBE Frozen Yogurt locations.
Lafayette's Blue Victory Holdings has announced the acquisition of YOBE, a Jacksonville, Fla.-based chain of frozen yogurt stores. The boutique private equity firm's founder, Seenu Kasturi, tells ABiz the deal worth $4.8 million includes three company-owned stores and an expanding galaxy of franchises nationwide. Katsuri says he hopes "to bring a couple of locations to Lafayette soon."
While based almost entirely in eastern and central Florida, YOBE has a scattering of franchises in coastal Georgia, South Carolina and Tennessee with plans to expand into North Carolina, Kentucky, Texas, Oregon, New York and Virginia. The company's website indicates international expansion plans in the Caribbean, United Kingdom, China and the Middle East.
Kasturi and Blue Victory Holdings were recently profiled in ABiz's annual Top 50 Privately Held Companies. Read more about the enterprising entrepreneur and his company's diverse holdings here.