NEW YORK--(BUSINESS WIRE)--TBG Food Investors (“TBG Food” or the “Company”) is pleased to announce the addition of Jorge Salvat as Chief Executive Officer. Mr. Salvat, formally a senior executive at Dunkin’ Brands and McDonald’s Corporation, will be responsible for overseeing the Company’s multi-state network of approximately 80 Dunkin’ restaurants and will lead TBG Food’s strategic initiative to acquire and grow additional restaurant locations of highly recognizable consumer brands in the quick service restaurant (QSR) industry.
Mr. Salvat joins TBG Food Investors with over 35 years of quick service restaurant industry experience. Mr. Salvat is uniquely qualified for this role, recently serving as Regional Vice President, Operations and Development at Dunkin’ Brands, where he was responsible for overseeing over 2,500 restaurants in the mid-Atlantic, Midwest, and Southeastern United States. Mr. Salvat was integral to Dunkin’ Brands during their transition from public ownership through its acquisition by Inspire Brands. Prior to Dunkin’, Mr. Salvat served as Vice President of Franchising and Operations at McDonald’s, where he led the franchise and operations for the Philadelphia and North Carolina Regions and had oversight of close to 800 restaurants. Before McDonald’s, Mr. Salvat held various operating roles managing restaurants including a platform of 160 Burger King locations.
John G. Troiano, Beekman’s Managing Partner and CEO, stated, “We are thrilled to have Jorge join TBG Food Investors as Chief Executive Officer. Jorge brings a unique skillset, from specific operating expertise with Dunkin’ Brands, to managing large and growing networks of restaurants around the country with McDonald’s and Burger King, while operating at the highest level. We are excited to have Jorge lead our Inspire Brands-based franchisee platform as we grow to over 200 locations.”
Mr. Salvat commented, "I look forward to working with the talented team at TBG Food Investors and The Beekman Group as we drive additional growth through operational excellence and unit expansion. TBG Food, with the support of Beekman, has been a leader in the Dunkin’ system for nearly two decades and I am excited to help take this platform to a new level.”
TBG Food, already off to a strong start in 2023, completed last week the acquisition of three Dunkin’ restaurants in its New York market, which grows the Company’s footprint in the region to 37 restaurants. The Company also has preliminary agreements to purchase three additional locations in its New York and South Carolina markets and has three locations under development in those markets.
Through its affiliates, The Beekman Group originally invested in the Dunkin’ system in 2005 when it acquired a dozen locations in its New York market. TBG Food Investors is one of the leading Dunkin’ franchisees in the country and is actively pursuing acquisition, remodel, and new location growth opportunities.
About The Beekman Group
The Beekman Group is a private equity firm, based in New York City, focused on building industry-leading companies in the healthcare, consumer, and business services sectors. The firm partners with management teams who desire to be significant owners and create meaningful value by accelerating organic and acquisition growth initiatives. Beekman manages over $1 billion in assets and has completed over 180 transactions since inception. For more information, please visit www.thebeekmangroup.com.
About TBG Food Investors
TBG Food Investors is a franchise platform company dedicated to acquiring and growing restaurant units of highly recognizable consumer brands in the QSR industry. The company currently operates and manages a multi-state network of Dunkin’ units across the New York, South Carolina, and Virginia markets, and is one of the largest franchisee networks in the Dunkin’ Brands system. TBG Food Investors is headquartered in Tuckahoe, New York.