Edmonds Capital Fills Up on Ribs and Smoothies

Edmonds Capital has acquired Shane's Rib Shack and Planet Smoothie, which will now operate under the holding company Petrus Brands. The Arlington, Virginia-based private equity firm partnered with management of Planet Smoothie and Shane's Rib Shack to purchase the two national concepts. Chris Morocco, chief development officer for the brands, will become CEO of Petrus Brands, while Shane Thompson, founder of Shane's Rib Shack, will control his company as president. Arlington Capital Partners acted as financial advisor to Shane's Rib Shacks and Planet Smoothie.