Fosters Freeze acquired by investment group

Fosters Freeze acquired by investment group

Group led by former multi-unit franchisee Kishan Patel to update 69-year-old brand

Fosters Freeze International LLC, an investment group led by former multi-unit franchisee Kishan Patel, has acquired the Fosters Freeze franchise system, company officials said Friday.

Terms of the deal were not disclosed.

The 82-unit quick-service chain, known for its soft-serve ice cream and a menu of burgers, fries and shakes, is fully franchised. Fosters Freeze LLC, an investor group led by shareholder and president Randy Fritchie, sold the chain.

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