BIRMINGHAM Ala. The largest franchisee of Papa John’s International Inc. is planning to expand after a management-led buyout late last year.
The Halifax Group, a private-equity firm in Washington, D.C., and the management of PJ United Inc. here completed the buyout last November. PJ United operates 116 Papa John’s units in six states.
Terms of the buyout were not disclosed, but more than $30 million in financing was provided by GE Capital Solutions,