A New York investment firm has acquired Tucson鈥檚 homegrown sandwich chain Eegee鈥檚, a move Eegee鈥檚 CEO says will help the 47-year-old chain expand and make capital improvements to its 24 existing locations.
The partnership with 39 North Capital, which closed Oct. 5, 鈥渨ill enable us to supercharge our growth, expand our footprint, remodel the restaurant exteriors and invest in new technology,鈥 newly appointed CEO C. Ron Petty said in a written release.
鈥淲e are as committed to Tucson and building it out as we鈥檝e always been,鈥 he added when reached by phone Wednesday morning. 鈥淥ur intention is to grow Eegee鈥檚 and reinvest in the company here as well as eventually, at some time, we鈥檒l have to go to another market once we build this one out.鈥
Petty, who had been the chairman of Eegee鈥檚 board of directors before the 39 North deal, said the beneficiaries of the late owner鈥檚 estate decided to sell. Owner Betty O鈥機onnor died in 2012 and the company was put in a trust.
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Kitchen Fund, a premier restaurant investment firm, partnered with 39 North in the deal. Eegee鈥檚 is 39 North鈥檚 11th restaurant acquisition since forming in late 2016.
39 North co-founder and managing partner Jacob Roffman said in a written statement that his firm will provide 鈥渙perational and financial resources to support the continued growth of an already iconic brand.鈥 He could not be reached for additional comment, but in a tweet late Wednesday morning, he said his family-owned firm had no intentions of changing Eegee鈥檚 menu.
鈥淒on鈥檛 worry, we will not be changing anything about the product,鈥 he tweeted. 鈥淲e look forward to carrying on the proud @eegees tradition.鈥
Petty echoed that, saying customers will not see any changes as a result of the 39 North deal.
鈥淲e still have the fries, the ranch dressing and the frozen drinks,鈥 he said. 鈥淔rom a customer standpoint there鈥檚 no change.鈥
Petty said work on redesigning the restaurants鈥 exteriors could begin next spring.

