mountain
Clover-Store
Act3-Food
tatte-storefront
BJs-Restaurant-AE-5

Our MIssion

We offer sustainable growth opportunities to consumer-facing enterprises that have the potential to dominate their niche.

We invest only where we can offer competitive advantage beyond capital.

We allow management teams to focus on building differentiated and better competitive alternatives, avoiding the need to spend time on financing.

WHy PARTNER WITH US?

  • We are experienced restaurant industry leaders with C-suite capabilities in concept evolution, technology, growth and leadership.
  • With a $300 million evergreen investment vehicle funded entirely by our partners, we are prepared to supply continuous capital through all rounds of fundraising as well as value-added services (technology, research and strategy, back office).

300M+

Evergreen Capital

5

High Growth Clients

Our
Partnership:
Philosophy
+
Principles

FOUNDER-FRIENDLY CAPITAL

$300 Million Evergreen Investment Vehicle Funded Entirely By Our Partners

VENTURE GUIDANCE, NOT VENTURE CAPITAL

“Sherpa Management” - ACT III Enables “Mistake Avoidance”

TARGET COMPANIES: CONSUMER-FACING ENTERPRISES ABLE TO DOMINATE THEIR NICHE

Investing Only Where We Can Offer Competitive Advantage Beyond Capital

Our team

Ron Shaich

Managing Partner

Keith Pascal

Partner

Noah Elbogen

Partner

Bryan Griffith

Partner

Jim Rand

Partner

Chuck Chapman

Partner

Dwight Jewson

Consulting Partner

OUR BRANDS

You’ve got to keep the long run in focus. We're lucky to consider Ron a friend and advisor. There are dozens of decisions that need to be made to build a business. Having Ron to bounce ideas off and ask advice of has been enormously helpful. He brings his very deep experience, making Clover a better competitor.

Ayr Muir
Clover - Founder & CEO

Demand exceeded the human capital, supply chain and physical plant. Ron and Keith were able to help us celebrate the powerful differentiation of Life Alive’s product and environment while providing resources to bolster the talent and capabilities of the leadership team. The experience Life Alive provides, and the mission that fuels it, became richer and vividly activated while the distractions and friction dissipated.

Leah J. Dubois
Life Alive - Vice President & Culinary Director

Though Cava was experiencing extraordinary success building an organization, a plan that allowed us to integrate the acquisition of Zoës—a public company—was a tall order. Act III challenged us to think differently about how the concept connects with the consumer and how to build organizational capabilities appropriate to the size we had become. Act III helped us to focus on customer experience and being a Better Competitive Alternative.

Brett Schulman
Cava - CEO

I started Tatte in my home kitchen, selling my creations at the farmers market. But I dreamt about building and growing a community around food. With 5 locations and big dreams, I joined the Act III family in hopes of making those dreams come true, and never looked back. I appreciate this unique and incredible opportunity to partner with someone who experienced a similar journey—from one store to an empire. The folks at Act III have a deep understanding of what it really takes—wisdom, long-term thinking, endless resources, sage advice. The level of thoughtfulness and support is part of the wonderful journey of Tatte and Act III.

Tzurit Or
Tatte - Founder and Chief Creative & Concept Officer

Podcasts

Add Passion and Stir: Can the Secret Sauce That Built a $6B Business Save Our Politics?
Full Disclosure: Breadwinner – Ron Shaich on the many ups and downs that went into growing the hit restaurant chain Panera
The Long Game: Panera Founder Ron Shaich Is Preaching Against Short-Term Thinking In Business & Politics
WNYC Studios and The New Yorker: A Former C.E.O. Says Activist Investors Are Killing American Business

Press

Boston Magazine Top 100

Boston Magazine Top 100

85. Ron Shaich MANAGING PARTNER, ACT III HOLDINGS Twelve years ago, Tatte Bakery & Café was just a tiny pastry…
BJ’s Restaurants, Inc. Announces $70 Million Investment from Act III Holdings and T. Rowe Price

BJ’s Restaurants, Inc. Announces $70 Million Investment from Act III Holdings and T. Rowe Price

HUNTINGTON BEACH, Calif., May 01, 2020 (GLOBE NEWSWIRE) — BJ’s Restaurants, Inc. (NASDAQ: BJRI) today announced that it entered into…
The Interview: Panera Bread Founder and Tatte Investor Ron Shaich

The Interview: Panera Bread Founder and Tatte Investor Ron Shaich

The fast-casual restaurant titan opens up about the challenges of building—and selling—a $7.5 billion company, his goal of putting a…

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