Fireman has picked up a majority stake in the company, which was created through the merger of two Dunkin’ Donuts franchise networks in southern Florida.
Surfside operates 38 units in and around Fort Myers, Miami and the Florida Keys, and plans to develop at least 23 more restaurants following the investment.
Fireman managing partner Dan Fireman said, “We are pleased to add significant resources and value to recently formed Surfside as it expands its footprint in southern Florida.
“With our extensive relationships in franchising, restaurant operations and the food and beverage industry, we are uniquely poised to move ahead on substantial new development, while maintaining our focus on customer satisfaction and existing unit growth.”
Fireman partner Liam Patrick added, “Dunkin’ Donuts is a remarkable brand, one we are excited to partner with, and we see their franchise model as attractive and highly scalable.
“Florida is a rapidly growing market, and we look forward to collaborating with the Dunkin’ Donuts’ team to expand and serve the brand’s base of extremely loyal customers.”
Last summer Fireman agreed to sell Hudson Clothing to Nasdaq-listed Joe’s Jeans for $97.6m, payable in cash and convertible notes.
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