Papa Gino's Pizza parlors closure
Bunker Hill Capital announced their exit a few months ago - on 09/21/2018.
http://www.bunkerhillcapital.com/news/article/50/bunker_hill_capital_exits_pghc_holdings_inc
http://archive.is/rCHeP
Bunker Hill Capital, a leading Boston based private equity investor in lower middle market companies, announced today its exit from PGHC Holdings, Inc. the parent company of Papa Gino’s and D’Angelo quick service restaurant chains.
Over an extended investment period of 13 years, Bunker Hill Capital worked closely with the senior management team of PGHC in transforming its technology platform including a new custom on-line ordering system for Papa Gino’s, new inventory and labor management systems for both brands and new point of sale systems for both brands.
It's weird that they don't comment on the closures though.
History of that chain:
https://www.encyclopedia.com/books/politics-and-business-magazines/papa-ginos-holdings-corporation-inc
http://archive.is/YfVEG
In 2006 Papa Gino’s opened its first franchised unit since the early 1990s, a cobranded unit with D’Angelo, located in Queensbury, New York.
The owners, Tom and Jerry Burke, Dunkin’ Donuts’ franchisees, along with Eddie Binder, a former Dunkin’ Donuts marketing executive, planned to open another 31 cobranded units in the Albany and Hartford areas over the next three years.
A stand-alone Papa Gino’s franchise restaurant was also in the works for an Albany suburb.