Press Releases
Posted April 9, 2014

PizzaRev Has Completed a Follow-On Equity Offering with Buffalo Wild Wings

Consumer Products & Services
Transaction Type
Raising Capital
Malibu, California

HOUSTON, April 9, 2014 — GulfStar Group (“GulfStar”) is pleased to announce that Pie Square Holdings, LLC dba PizzaRev (“PizzaRev” or “the Company”) recently completed a follow-on equity offering with Buffalo Wild Wings, Inc. (“Buffalo Wild Wings”). GulfStar served as exclusive financial advisor to PizzaRev throughout the transaction, which closed on April 1, 2014. The transaction will enable PizzaRev to aggressively pursue corporate and franchised unit growth, and bring the unique PizzaRev experience to exciting new markets across the U.S.

Opened to the public in April 2012, PizzaRev is a Los Angeles-based fast casual pizza chain that reinvented the way America eats its favorite food by delivering a truly interactive dining experience where customers craft their own pizzas, choosing from a wide variety of premium-quality ingredients, in any amount, for one price. PizzaRev fires its pizzas in a stone-hearth oven, which produces a delicious, crispy Roman-style thin pizza in less than 3 minutes.

PizzaRev completed its initial growth equity financing and strategic partnership with Buffalo Wild Wings in March 2013. At that time, PizzaRev was operating three corporate-owned stores with two additional locations in Southern California under development. Just over a year later, PizzaRev has eight restaurants in operation with plans to add additional locations in California as well as Utah, Minnesota, Nebraska, North Dakota, Missouri and Texas. The initial growth equity financing was recently awarded the Franchise Times® 2014 Deal of the Year.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Buffalo Wild Wings is a growing owner, operator and franchisor of Buffalo Wild Wings Grill & Bar™ restaurants featuring a variety of boldly-flavored, made-to-order menu items including its namesake Buffalo, New York-style chicken wings.

The GulfStar transaction team included Managing Director Scott Winship, Senior Vice President Brian Lobo and Associate Kristie Ganss.

About GulfStar Group
GulfStar is a leading middle market investment bank headquartered in Houston. GulfStar specializes in providing merger and acquisition advisory services, institutional private placements of equity and debt, and general corporate finance advisory services to companies with revenues or enterprise values generally ranging from $25 million to $350 million. Since its formation in 1990, GulfStar has completed approximately 600 transactions in more than 30 states and ten foreign countries across a variety of industries. Through its merchant banking affiliate, the firm also makes equity and subordinated debt co-investments.

Securities offered through GulfStar Group I, Ltd. an affiliated entity, member FINRA – SIPC.

GulfStar Group
700 Louisiana Street
Suite 3800
Houston, Texas 77002


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