Private equity firm General Atlantic has made a minority investment in Torchy's Tacos, a fast-casual restaurant concept with 46 locations spanning 3 states. General Atlantic becomes a shareholder along with the five founding partners, who retain a majority stake in the company.
As part of the deal, restaurant industry veteran Todd Diener and General Atlantic’s Andrew Crawford and Shaw Joseph will join Torchy’s board of directors.
Torchy's Tacos was founded in Austin in 2006 by former corporate chef Michael Rypka. The company’s leadership team includes Farrell Kubena, vice president of business development; Rebecca Kubena, vice president of finance; Jason Wald, vice president of operations and Alfonso Angelone, vice president of technology.