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Cypress Group Wrapping 'Crazy' Year of Deals


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“We had three deals close last week and five are closing this week,” said Dean Zuccarello, CEO and founding partner of The Cypress Group in Denver. We reached him this week, right before Christmas. “It’s just been a little crazy.”

Cypress is an investment banker that puts together a variety of sophisticated deals for clients, such as advising GPS Hospitality, owned by former Arby’s chief Tom Garrett, in acquiring 42 Burger King restaurants in Atlanta from the corporation.

Zuccarello calls this year “more active than the last couple” for his firm, and he believes worries about rising tax rates caused many people thinking about exiting their businesses to do so.

More important, in his view, is that people who invest in restaurants decided this is the new normal. “We’re not going to cry in our milk anymore. We’re going to get moving,” he said.

 

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The latest news, opinions and commentary on what's happening in the franchise arena that could affect your business.

Tom KaiserTom Kaiser is associate editor of Franchise Times. He can be reached at 612.767.3209, or send story ideas to tkaiser@franchisetimes.com.
 
Beth EwenBeth Ewen is editor-in-chief of Franchise Times. She can be reached at 612.767.3212, or send story ideas to bewen@franchisetimes.com.
 
Nicholas UptonNicholas Upton is staff writer at Franchise Times. He can be reached at 612.767.3226, or send story ideas to nupton@franchisetimes.com.
 
Mary Jo LarsonLaura Michaels is managing editor of Franchise Times. She can be reached at 612.767.3210, or send story ideas to lmichaels@franchisetimes.com.
 
Mary Jo LarsonMary Jo Larson is the publisher of Franchise Times Magazine and the Restaurant Finance Monitor.  You can find her on Twitter at
 twitter.com/mlarson1011.
 
Nancy WeingartnerNancy Weingartner is editor-at-large of Franchise Times magazine and the editor of the Food On Demand media project. You can reach her at 612-767-3200 or at nancyw@franchisetimes.com.
Follow her on Twitter at http://twitter.com/nanweingartner.
 

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