Peter Piper bought by Latino-focused firm

SCOTTSDALE Ariz. Peter Piper Inc., operator and franchisor of the namesake pizza chain headquartered here, has been acquired by ACON Investments, a Washington, D.C.-based private-equity firm that invests primarily in businesses serving the U.S. Hispanic trade. Terms were not disclosed. In a statement released Monday, ACON said that Peter Piper chief executive Frank Sbordone would continue to lead the 130-unit chain, and his management team would be retained.

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