Reconstruction Partners proudly announces the sale of Humble Pie to Cornwell Development Partners. Humble Pie has locations throughout Arizona and in Sky Harbor Airport in Phoenix.
Reconstruction Partners was engaged by Humble Pie to provide strategic and financial advice during the sale process. The extensive experience of the Reconstruction Partners team in the food service and hospitality industry was instrumental in helping bring about the successful conclusion of the deal.
Rich Sullivan, co-founder of Humble Pie stated that “” Selling a business that we created and grew was not an easy decision. Lee Cohn and Wallace Hite were able to bring us a motivated, qualified buyer, and keep both parties on track thru the process. They provided insight and served as a conduit to allow compromises essential to close the deal. They acted in the best interests of everyone involved and supported our decisions.”
Wallace Hite, one of the founding members and managing partner at Reconstruction Partners, said, “We thoroughly enjoyed working with the Humble Pie founders through this transaction, and we are excited to see the future success of Humble Pie as the brand continues to grow under the leadership of Cornwell Development Partners.”
About Reconstruction Partners
Reconstruction Partners, with offices in Nashville, TN and Scottsdale, AZ is full service advisory company focused on chain restaurants, emerging restaurant brands, troubled companies and franchising. The principals of the company have over 100 years of combined industry experience, nearly 80 of which at the C-level. The partners consult, manage, raise capital and lead the purchase and sale of companies. For more about Reconstruction Partners visit www.Reconstructionpartners.com