Condado Tacos announced Monday its partnership with The Beekman Group LLC, a private equity firm based in New York City.
Condado plans to accelerate growth by bringing its build-your-own taco concept to guests across the country who are craving a convenient, relaxed hangout spot that celebrates creativity and fresh ingredients. This partnership creates opportunities for Condado to expand into new markets beyond its Midwest roots and grow in its existing communities. Condado also plans to further invest in the professional development of its team members.
“The Beekman Group’s strong track record of success, coupled with their warmth and sincerity—both in seeking to understand Condado as well as committing to what makes the concept unique—made them the obvious choice for an investment partner,” says Joe Kahn, founder and CEO of Condado. “We’re excited to see what this next phase with Beekman will bring and look forward to many years of growth and continued success.”
With 15 locations in six markets across four states, Condado resonates with a broad audience through its come-as-you-are vibe and emphasis on delivering high-quality food and service. With plans for national expansion, Condado’s growth goals include adding six to eight new restaurants annually. Each location will continue to highlight the local community through the brand’s distinct and vibrant street-art decor. In 2020, Condado will open seven new locations, including entering a new market in Dayton, Ohio and adding a second location in Detroit, Michigan.
“We’re thrilled to partner with Condado Tacos in the continued mission of creating dining experiences where uniqueness is celebrated,” adds Chris Artinian, managing director at The Beekman Group. “Joe along with the Condado team, has created an exciting brand with a differentiated experience serving up Tacos and Tequila to a broad audience in a fun upbeat atmosphere. We are looking forward to a great partnership while supporting Condado Tacos in its next phase of growth.”
BMO Capital Markets advised Condado on the transaction, while Calfee, Halter & Griswold LLP provided legal counsel. The Beekman Group was represented by Akerman LLP.
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