Tropical Smoothie Purchased by BIP

Atlanta-based BIP Opportunities Fund, LP (BIP) announced today that it has purchased controlling interest in Tropical Smoothie Café (TSC), a 315-unit food and smoothie franchise.

Scott Pressly, partner at BIP, will assume the role of chairman of the board, and Mike Rotondo has been promoted to CEO.

Both Pressly and Rotondo lend extensive franchise industry experience to Tropical Smoothie Café and the efforts to grow the company.

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