TribLIVE

| Business

 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Primanti's to expand with investor's help

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

'American Coyotes' Series

Traveling by Jeep, boat and foot, Tribune-Review investigative reporter Carl Prine and photojournalist Justin Merriman covered nearly 2,000 miles over two months along the border with Mexico to report on coyotes — the human traffickers who bring illegal immigrants into the United States. Most are Americans working for money and/or drugs. This series reports how their operations have a major impact on life for residents and the environment along the border — and beyond.

Friday, Jan. 4, 2013, 12:01 a.m.
 

Primanti Brothers is looking to expand, and that doesn't mean heaping more fries, cole slaw and tomatoes onto its sandwiches.

The popular Pittsburgh restaurant chain said it landed its first outside investment, an unspecified amount from private equity firm Catterton Partners. It will put the funding toward expanding the Primanti brand and introducing it to new audiences, but it did not disclose details.

The Catterton firm, of Greenwich, Conn., has helped to expand companies such as Baja Fresh Mexican Grill and P.F. Chang's, Primanti Brothers said. Its investment in the chain that Joe Primanti started in 1930s, with a sandwich cart in the Strip District, could help take Primanti's to the “next level,” the statement said.

By serving “some of the best and boldest sandwiches in the country,” it said, the chain established a premier position in the restaurant industry.

Jim Patrinos bought the business in 1974 from Dick Primanti, one of Joe's brothers. He expanded it from the original Strip District restaurant to 18 Western Pennsylvania locations, plus three in Florida, and added pizza, wings, salads and other dishes to the menu.

Patrinos was unavailable for comment, as was J. Michael Chu, Catterton's managing partner.

Patrinos and Nick Nicholas, owner of Nicholas Coffee Co., are owners in Primanti's and are expected to retain active roles in operations and growth strategies.

Catterton's website said it is one of the largest private equity firms in the United States focused on the consumer industry, with more than $2.5 billion in equity capital under active management.

Kim Leonard is a staff writer for Trib Total Media. She can be reached at 412-380-5606 or kleonard@tribweb.com.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. Travelers find direct Web route to Priory’s spirited past in North Side
  2. Pa. improves performance among competitive electric markets
  3. PPG puts brand 1st in strategy to reach commercial paint market
  4. U.S. Steel posts quarterly loss, declares dividend
  5. EPA ordered to ease limits on cross-border air pollution that involves Pennsylvania
  6. Ambridge’s PittMoss takes off with help from TV show, Mt. Lebanon native Cuban
  7. Consol Energy, Range Resources report 2Q losses, plan deeper cuts
  8. Muni bond funds stressed
  9. Stocks end 5-day slide on strong Ford, UPS earnings
  10. Plummeting natural gas prices slash revenue of Marcellus shale producers
  11. Plastcs propel Bayer’s 2Q earnings