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.
Moe’s Southwest Grill, a concept co-founded by Uncle Maddio’s CEO Matt Andrew, among other brands.Seydel became one of the first investors in
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.