Studio Movie Grill has received a strategic growth investment of $100 million from TowerBrook Capital Partners, an international investment management firm. The partnership will help drive SMG’s next stage of accelerated growth, as the company continues to open in-theater dining locations across the United States.
“This partnership allows SMG to pursue a common vision with TowerBrook and leverage our powerful community-centric business model to drive growth,” said SMG founder and CEO Brian Schultz. “TowerBrook is an ideal partner for SMG not only because of its deep operational capabilities and strong network, but its established commitment to sustainable and socially responsible business practices as a Certified B Corporation.”
“We are thrilled to partner with Brian Schultz and SMG’s management team as the Company enters its next phase of growth. Consumers are increasingly looking for high-quality experiences, and SMG has been at the forefront of innovation in this evolving industry,” said Jonathan Bilzin, managing director of TowerBrook.
Studio Movie Grill http://www.studiomoviegrill.com