Private equity firm bites into Torchy’s Tacos with ‘significant’ minority investment

Torchy’s Tacos, which Michael Rypka started in a food trailer more than a decade ago as a refuge from his previous gig as a corporate chef, is poised to rev up growth with a new financial backer.
The Austin-based restaurant chain now has 46 locations in Texas, Oklahoma and Colorado and just announced a "significant" investment from a New York City-based private equity firm. The deal is expected to close in the third quarter.
General Atlantic bought the minority stake for an undisclosed amount and…

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