STAMFORD, Conn. – LongRange Capital, a private equity firm with a customer-centric and operationally-oriented approach to building and growing businesses, announced that it has entered into a definitive agreement to acquire Pizza Hut, excluding Mainland China, from Yum! Brands, Inc.
Founded in 1958, Pizza Hut is a global restaurant leader with over 15,500 restaurants in 108 countries and approximately $10 billion in annual system-wide sales. For nearly seven decades, the Pizza Hut brand has defined the pizza category, introducing icons such as the Original Pan® and Original Stuffed Crust® pizzas.
“Pizza Hut is a beloved global brand with a rich heritage and a loyal customer base that few brands can match,” said Bob Berlin, Founder and Managing Partner of LongRange. “We look forward to partnering with Yum! to ensure a smooth transition for the business and working with Pizza Hut’s talented team and franchise partners to drive its next phase of growth through investments that deliver consistently great food and experiences for customers around the world.”
The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions, including receipt of required regulatory approvals.
