Corner Bakery, with locations in King of Prussia, Bala Cynwyd, and Warminster, has been acquired by Feasterville-based Pandya Restaurant Growth Brands, one of the Rohan Group of Companies.
PRGB purchased the brand from affiliates of Roark Capital Partners for an undisclosed amount.
The Rohan Group of Companies is owned by real estate investor and restaurant operator, Jignesh Pandya of Bucks County. It is a well-established organization with ownership interests in an extensive range of business enterprises, including several operations with multiple franchised restaurant concepts.
One of the organization’s affiliates recently purchased the Boston Market brand and has been working to expand it. The acquisition of Corner Bakery creates opportunities for strategic alliances between the two, said Pandya.
“Our acquisition of Corner Bakery aligns with what we believe families are seeking – high-quality kitchen crafted food and good, consistent customer service,” he said.
Frank Paci, Chief Executive Officer of Corner Bakery, also believes that partnering with PRGB will help Corner Bakery expand its brand.
“Pandya Restaurant Growth Brands brings an enthusiastic, experienced, and successful ownership group to Corner Bakery, as well as access to resources that we need to continue to operate our business in this challenging environment,” he said.
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