Bunker Hill Capital Acquires Papa Gino’s Holdings Corp.

Bunker Hill Capital, L.P. announced today that it, together with management, has acquired Papa Gino’s Holdings Corp., a leading quick-service restaurant operator in New England that does business under the Papa Gino’s and D’Angelo brands.

Papa Gino’s Holdings Corp., headquartered in Dedham, Massachusetts, has a total of 370 company-owned, franchised and licensed restaurants located throughout New England and plans to expand into adjacent markets through franchising.

Thomas J. Galligan III, Chairman, CEO, and President of the company, is enthusiastic about the role of his new private equity sponsor. “We partnered with Bunker Hill Capital because they are successful investors who have a proven track record as an innovative, pro-active, and value-added partner. We look forward to working with Bunker Hill Capital to execute our strategic plan of building two great brands and creating long term value. This is an exciting time for both of our organizations as we look to a bright future filled with opportunities for growth.”

Papa Gino’s Holdings Corp. owns two dominant New England quick-service restaurant concepts: the Papa Gino’s brand which operates in the pizza/Italian segment and the D’Angelo brand operating in the sandwich segment. Each concept has over 35 years of operating history, and the company employs approximately 5,000 people throughout New England. For more information on the company, please go to www.papaginos.com and www.dangelos.com.

The principals of Bunker Hill Capital are also enthusiastic about their investment. According to Theresa A. Nibi, a Managing Partner at Bunker Hill Capital, “In an increasingly competitive deal market, we are pleased to back such a high caliber CEO and management team. We are extremely confident in their ability to continue to grow this business and are very excited to be a part of such a strong organization.”

Ms. Nibi’s sentiments were echoed by Mark H. DeBlois, a Managing Partner at Bunker Hill Capital. “This is the classic situation we target. The company has a strong incumbent management team looking for a partner with industry experience to take the company to the next level. With robust brands in two attractive segments of the quick-service restaurant business, we believe the company has excellent growth potential.”

Bunker Hill Capital, L.P. is a private equity firm that makes control investments in lower middle market companies with enterprise values up to $150 million. The principals of Bunker Hill Capital have invested over $325 million in 25 transactions and target opportunities across four industry sectors, including industrial products, business services, consumer products, and specialty retail.

For more information on Bunker Hill Capital, please go to www.bunkerhillcapital.com.