Fund started by former McDonald’s CEO acquires PizzaRev

May 22, 2017

Don Thompson is getting into the pizza business.

Cleveland Avenue LLC, a Chicago-based accelerator that invests in restaurant, food and beverage concepts, has acquired a majority stake in the fast-casual pizza chain PizzaRev.

Terms of the deal were not disclosed.

“This is more than investment; this is a partnership,” Thompson said in a statement. “Our mission is to provide collaborative expertise and educational, practical and financial resources to our network of entrepreneurs and industry partners. We’re delighted to join forces with PizzaRev and begin working together toward achieving long-term sustained success.”

Thompson added that Cleveland Avenue invested in PizzaRev “because