CenterOak Partners buys Wetzel’s Pretzels

CenterOak Partners LLC has acquired a majority stake in Wetzel’s Pretzels LLC. Financial terms weren’t announced. Pasadena, California-based Wetzel’s Pretzels is an owner and franchisor of soft pretzel stores. Golub Capital provided financing. Gibson, Dunn & Crutcher LLP provided legal advice to CenterOak Partners, while North Point Advisors served as financial adviser to Wetzel’s Pretzels.

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