December 07, 2019

Gauge Capital Announces Creation of Chaac Foods and Completion of Initial Investment

Southlake, TX – Gauge Capital announced that it has created a new entity, Chaac Foods, in order to invest in quick-service restaurants (“QSR”) in tandem with an experienced operator, Luis Ibarguengoytia. As part of its initial investment, Chaac has closed an investment in a Pizza Hut franchisee with 32 stores in the Midwest.

“We are excited to kick off the first chapter of Chaac through a partnership with Pizza Hut. We look forward to growing our platform in the Midwest and beyond through our relationship with Gauge,” said Luis Ibarguengoytia, CEO of Chaac Foods.

“Our partnership with Luis is especially exciting given his deep experience and access to talent in the restaurant industry. We are excited to build and grow a platform with him,” said Drew Johnson, Co-Founder and Managing Partner at Gauge Capital.

As part of the investment, Drew Johnson, Sam Banon, and Tristan Loiselle have joined the Company’s Board of Directors.

About Chaac Foods

Chaac Foods is a company created in partnership between Gauge Capital and Luis Ibarguengoytia with the intent of operating a diversified set of restaurants within the franchised QSR and casual dining restaurant (“CDR”) space. Chaac will aim to partner with strong franchisor concepts in attractive geographies to help these brands thrive and grow.