Detroit’s iconic Buddy’s Pizza — known as the creator of Detroit-style pizza — has plans for expanding beyond metro Detroit.
Buddy’s announced today that it has partnered with New York-based private investment firm CapitalSpring to grow the brand in other Midwest markets. CapitalSpring, according to today's news release, focuses exclusively on the restaurant industry.
“This partnership is a significant opportunity for us to introduce Buddy’s iconic pizza, rich culture and community roots to new customers in Detroit and beyond,” said Robert Jacobs, CEO of Buddy’s in a news release. “We are extremely excited for this new chapter and to have found a partner that can not only maintain our commitment to quality food and an exceptional guest experience, but also offer substantial restaurant expertise.”
The plan is to “recapitalize the Company and accelerate new store growth across the Midwest and beyond," according to the announcement, which did not disclose terms of the partnership.
Buddy’s was founded in 1946 in Detroit. Their signature Detroit-style pizza is a square thick pizza made in blue steel pans said to be used to hold nuts and bolts on Detroit’s automotive assembly lines. Around the metro area they have 12 restaurants. A 13th location is to open this spring at the Detroit Zoo.