New Canaan, CT, May 1, 2013 — Gridiron Capital, LLC (“Gridiron”) is pleased to announce an investment in Tokyo, Inc. (“Tokyo Joe’s”). Based in Denver, CO and founded in 1996, Tokyo Joe’s is a fast casual modern Asian restaurant chain that serves fresh made-to-order rice and noodle bowls, sushi and salads. Tokyo Joe’s provides its customers with healthy, fresh, all-natural and organic ingredients with a variety of proprietary flavorful sauces. The Company is focused on health and personal well-being with the mantra “Eat good. Feel good.”
“Tokyo Joe’s has been successful because of its people and their singular focus on the customer by providing fresh and healthy ingredients and top notch service,” said Larry Leith, Chief Innovation Officer and Founder of Tokyo Joe’s. “We are very excited to partner with Gridiron to achieve Tokyo Joe’s growth plans while preserving its unique culture.”
“Tokyo Joe’s ability to provide customers with unrivaled fresh and healthy ingredients, coupled with the in store dining experience, makes it a unique and highly scalable platform,” said Greg MacDonald, Chief Executive Officer of Tokyo Joe’s. “With Gridiron’s support and the strength of the core brand, we believe Tokyo Joe’s is positioned for continued growth.”
Mr. Thomas A. Burger Jr., Managing Partner, Gridiron Capital, LLC stated, “We are very excited to be partnering with Larry Leith, Greg MacDonald and the rest of the Tokyo Joe’s management team to acquire the business. Their passion, energy and commitment to providing great food and a great dining experience will be the foundation of the business’ growth potential.”
“Gridiron’s partnership with Tokyo Joe’s will enable the company to accelerate growth and to expand into new geographies,” said Kevin Jackson, Managing Director of Gridiron Capital, LLC. “Larry and his team have built a tremendous concept over 17 years, and we are excited to partner with them to build on their legacy of success.”
About Tokyo Joe’s:
Headquartered in Denver, CO, Tokyo Joe’s is a regional fast casual modern Asian restaurant. The Company offers a mix of signature and made-to-order rice and noodle bowls as well as signature salads and fresh sushi rolls. Tokyo Joe’s currently operates 25 locations in the greater Denver metro area.
About Gridiron Capital:
Gridiron Capital, LLC, headquartered in New Canaan, Connecticut, is a private equity firm focused on creating value by acquiring and building middle-market manufacturing, service and specialty consumer companies in the United States and Canada. Gridiron’s principals work closely with management teams to develop strategies for portfolio companies, as well as providing resources to execute business plans and build industry-leading companies. Additional information is available on the firm’s website at www.gridironcapital.com.