Berkshire Partners Portillo's: Growth through Investment

In 2014, Berkshire Partners acquired a majority stake in Portillo's, a fast-growing restaurant chain with a loyal customer base.

Portillo's has been expanding rapidly, with new locations opening in various states across the US.

The investment from Berkshire Partners has helped Portillo's increase its sales, with revenue growing to over $1 billion in 2019.

This growth has enabled Portillo's to continue innovating and improving its menu offerings, including the addition of new items and limited-time promotions.

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Portillo's Restaurant Group Announced an Investment from Berkshire Partners in 2014. They entered into a definitive agreement with Berkshire Partners, a private equity firm.

The investment included Portillo's Hot Dogs, Inc. and Barnelli's Pasta Bowl. Terms of the transaction were not disclosed.

Berkshire Partners will work closely with Dick Portillo, the founder of Portillo's, to support the growth of the company.

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Portillo's has grown significantly since its founding in 1963 by Dick Portillo. The company started as a hot dog stand and eventually expanded to a full-service restaurant.

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In 2014, Portillo's was acquired by Berkshire Partners, a Boston-based private equity firm. Berkshire Partners has helped Portillo's expand its operations and increase its brand presence.

Portillo's has over 60 locations across the United States. The company is known for its Chicago-style hot dogs and Italian beef sandwiches.

Under Berkshire Partners' ownership, Portillo's has seen rapid growth, with sales increasing by 20% in 2019 alone. This growth has allowed the company to invest in new technologies and improve its customer experience.

Portillo's has a strong brand identity that is deeply rooted in its Chicago heritage. The company's menu items are inspired by the city's classic cuisine.