FOX 2 MissouriST. LOUIS — Freddy’s Frozen Custard & Steakburgers, the popular fast-casual chain with roots tied to Missouri, has changed ownership once again.
The Wichita-based brand was sold this week by Thompson Street Capital Partners, a St. Louis private equity firm, to investment funds affiliated with Rhône, a global private equity group. Freddy’s will keep its corporate headquarters in Wichita, and its leadership team.
Thompson Street acquired Freddy’s in 2021 from co-founders and brothers Bill and Randy Simon, along with their friend and business partner Scott Redler. At that time, the chain operated about 400 locations. Under St. Louis-based ownership, Freddy’s grew to more than 550 restaurants across the U.S., generating about $1 billion in sales this year. They even began to expand internati
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