Argosy Private Equity announced its exit from Rita’s Franchise Company, a leading frozen treat brand founded in 1984 in Pennsylvania. Rita’s, which has around 600 locations across 30 states, gained recognition from top publications and was named a top food franchise. Since acquiring Rita’s in December 2016, Argosy implemented its Value Acceleration Methodology (VAM™), successfully doubling EBITDA and enhancing franchisee support and customer engagement through new tools and product offerings. Rita’s CEO praised Argosy for refining their strategy, while Argosy expressed excitement for the brand’s future under new ownership.