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House approves controversial change to ‘sanctuary cities’ bill

Torchy’s Tacos is growing fast. New partners from NY want to help it grow faster.


Austin-based Torchy’s Tacos has teamed with a New York equity firm to help speed the chain’s growth.

The firm, General Atlantic, has taken “a significant minority interest,” Torchy’s management said Tuesday.

Specific details of the investment, which is expected to close in the third quarter, weren’t released.

Torchy’s, which got its start with a single food trailer in Austin in 2006, has grown to 46 locations over the past decade.

“Thanks to all of our taco junkies, Torchy’s has experienced incredible growth in the past 11 years,” founder Michael Rypka said in a written statement. “We are excited about how the partnership with the General Atlantic team will help us continue to grow our business while staying committed to doing what we do best, which is to serve our guests ‘Damn Good Tacos.’”

As part of the deal, General Atlantic’s Andrew Crawford and Shaw Joseph will join the Torchy’s board of directors. So will Todd Diener, former president of Chili’s.

Other board members include Rypka and his Torchy’s partners: Farrell Kubena, Rebecca Kubena, Jason Wald and Alfonso Angelone.

“Torchy’s Tacos’ innovative flavors and food combinations have enabled the company to reach a growing market of fast-casual diners,” General Atlantic’s Shaw Joseph said. “We believe that the combination of General Atlantic’s industry resources and expertise, as well as our global brand-building experience, will help us to grow Torchy’s into a category leader, while still remaining true to the original mission of the brand.”



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