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Project Pie Lands Capital, Strategy from Lee Equity


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James Markham, the founder of Project Pie in Carlsbad, California, is the latest contender in the fast-casual pizza business to land a heavyweight partner.

He’s announced a partnership with New York City-based Lee Equity Partners, headed by investor Thomas Lee.

Markham said he welcomes the capital Lee Equity Partners will invest in the brand, but more so the strategic viewpoint from the investor himself. “I am equally excited about being associated with Tom Lee, who has a long-term track record of successful, well-known consumer and retail investments,” Markham said in a statement.

Lee called James “a pioneer and visionary in this industry,” and believes the concept “can succeed across the country and internationally.”

Last fall PizzaRev, a young fast-casual pizza chain, announced a minority investment from the franchisor Buffalo Wild Wings, whose CEO, Sally Smith, now sits on PizzaRev's board.

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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 senior 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 restaurants editor at Franchise Times. He can be reached at 612.767.3226, or send story ideas to nupton@franchisetimes.com.
 
Laura MichaelsLaura 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
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