In a deal involving a pair of fast-casual pizza concepts, Pieology Pizzeria has purchased Project Pie. This deal follows on the heels of Pieology's strategic partnership and capital investment from Panda Restaurant Group.

"I have long said that consolidation was the future for the fast-casual pizza segment; the Project Pie purchase provides us with an opportunity to strategically accelerate our growth and we're proud to make this first big move of hopefully many to come," said Carl Chang, CEO and Founder of Pieology Pizzeria. "We're taking a different approach to how we're managing our growth and the segment overall, and we have both the experience and the strategic and financial support to begin merging the category in a calculated manner."