Playa Bowls eyes growth after sale to private equity firm Sycamore Partners

(Source: Playa Bowls/Facebook)

Sycamore Partners has acquired Playa Bowls from Tamarix Equity Partners and other investors, with plans to expand the business.

“After a decade of hard work building a strong foundation, we believe Sycamore’s support and resources, as well as their expertise in managing multi-unit-franchise organizations, will help us accelerate our growth as we continue to support our franchisees and delight our guests,” said Dan Harmon, Playa Bowls CEO.

Playa Bowls began operations in 2014 and now has over 250 locations across 22 states. It offers healthy fruit bowls, smoothies, and juices. These include acai, pitaya, mango, green and coconut bowls.

“Playa Bowls has built a unique category leadership position with passionate customers, a loyal franchise base, and a great brand, which has allowed the company to scale rapidly in its first decade since inception,” said Stefan Kaluzny, Sycamore Partners MD.

“We are confident Playa Bowls has continued its runway for growth and we look forward to partnering with Dan and his talented team to implement their strategy to reach more customers around the country.”

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