McKnight Capital Partners acquire Rita's Water Ice
Rita's, the largest Italian ice chain in the US, operates 322 franchises in 11 states along the east coast from Connecticut to Florida and west into Ohio.
05/05/05 The United States, Rita's Water Ice Franchise Corporation (Rita's) of Bensalem, Pa., the nation's largest Italian ice chain, has been purchased by McKnight Capital Partners of Pittsburgh.
Rita's operates 322 franchises in 11 states along the east coast from Connecticut to Florida and west into Ohio. Under the leadership of Jim Rudolph, who will serve as president and CEO, Rita's will embark on an aggressive expansion plan that will bring its unique brand of frozen desserts to a wider audience.
Rita's will continue to be operated as an independent company and remain headquartered in Bensalem.
Rita's features ices, cones, shakes and other cool stuff. Rita's features old-fashioned frozen custard; Gelati, a unique blend of Italian ice and Frozen Custard; Misto shakes, a combination of Italian ice and creamy custard; and Cream Ices, which are smoother and richer than Italian Ice, but not as heavy as ice cream. Rita's Italian Ices are made fresh daily and available in more than 30 different flavors.
