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.”



Reader Comments ...


Next Up in Business

Austin billionaire DeJoria selling off Patron Spirits
Austin billionaire DeJoria selling off Patron Spirits

Bacardi Limited said Monday that plans to swallow the rest of Patron Spirits in a deal that values the tequila maker at $5.1 billion. Bacardi has held a minority stake in Patron since 2008. The two private companies on Monday didn’t disclose terms of the deal for the remainder of Patron. The acquisition is expected to close in the first half...
After strong 2017 finish, outlook bright for Austin office market
After strong 2017 finish, outlook bright for Austin office market

The Austin-area’s office market rolled to a strong finish in 2017, new reports show, propelled by Fortune 500 companies including Facebook Inc., Google, Indeed and HomeAway signing sizeable office leases in the market last year. Major lease transactions were the theme of 2017, according to the latest office market report from the Austin office...
Up the Ladder

Credit unions Greater Texas Credit Union has named Lisa Bateman vice president-consumer lending. Consulting Potomac Strategy Group has named Jamie Bennett vice president. E-Commerce Twyla has named Thomas Galbraith chief executive officer. Health care HNI Healthcare has named Michael Saunders president. Law firms Weisbart Springer Hayes has named Mia...
Top Local Business Stories of the Week
Top Local Business Stories of the Week

TEXAS ECONOMY With tax overhaul as ‘tailwind,’ regional economy surged, Dallas Fed says: Economic activity in Texas and parts of two neighboring states surged over the past six weeks, as the federal tax overhaul boosted confidence across a wide range of businesses in the region, according to a report last week from the Federal Reserve Bank...
Despite tight labor market, Austin job growth maintains momentum
Despite tight labor market, Austin job growth maintains momentum

Back around the middle of last year, workforce experts looked at the easing rate of Austin-area job growth and figured the inevitable had finally arrived: The region’s tight labor market was bringing expansion back to more reasonable levels. In true Austin fashion, though, local hiring re-accelerated in the months since. And after modest job...
More Stories