St. Louis-based private equity firm Thompson Street Capital Partners has acquired Wall Township-founded Bubbakoo’s Burritos.

The parties did not disclose terms of the deal.

Restaurant industry veterans Bill Hart and Paul Altero founded the fast-casual Mexican fusion chain in 2008. Bubbakoo’s focuses on made-to-order food and a vibrant restaurant experience.

In 2015, the brand began franchising. It has since grown to more than 130 locations across 15 states.

TSCP Managing Partner Bob Dunn said Bubbakoo’s has created an innovative and compelling brand that resonates with a broad and growing customer base.

“Bill and Paul have built something special – an exciting concept with strong franchisee relationships, consistent unit growth, and a passionate following,” said Dunn in a June 18 press release. “We are thrilled to partner with the team as they enter this next phase of expansion.”

From NJ to nationwide

Hart reflected on the journey growing the business to this point.

“From our earliest days in New Jersey to now having more than 130 locations across the country, we’ve been incredibly proud to see our vision resonate with guests, franchisees, and communities,” said Hart. “Our growth has always been grounded in our commitment to food quality, hospitality, and a culture that values individuality and innovation.”

Additionally, Altero noted TSCP’s deep experience in scaling founder-led businesses. He said the firm “shares our passion for supporting franchisees and delivering great experiences to customers.”

“With their support, we’re confident Bubbakoo’s can accelerate its growth into new markets, invest in technology and infrastructure, and continue building a world-class franchise system,” said Altero.

TSCP leaders also echoed that sentiment.

“We see tremendous opportunity to support Bubbakoo’s continued growth by investing in technology, brand development, infrastructure, and franchisee support systems,” said Joe St. Geme, managing director at TSCP. “The company has built a strong foundation – and our team is eager to help accelerate growth while maintaining the culture and values that have made Bubbakoo’s a success.”