Fast-casual concept Uncle Maddio's Pizza added a new minority owner to its roster. Rutherford Seydel, attorney, conservationist and business investor, who has been part of the Atlanta Hawks ownership since 2003, acquired a minority share of Uncle Maddio's and has agreed to serve on the Board of Advisors.
Seydel’s investment comes on the heels of a minority share acquisition from S&S Investments, an early investor in the better burger fast-casual chains.
Uncle Maddio’s founder and CEO Matt Andrew with new investor Rutherford Seydel.Seydel became one of the first investors in Moe’s Southwest Grill, a concept co-founded by Uncle Maddio’s CEO Matt Andrew, among other brands.
Uncle Maddio’s will use the capital to augment the company’s infrastructure and human capital, as the fast-casual pizza chain plans to triple the staff in its headquarters to 30 people this year – a strategy aimed at both enriching franchisee support. Uncle Maddio’s operates 44 locations in 14 states.