Frank Belatti

Frank Belatti serves as Senior Restaurant & Franchise Advisor to XMS Capital Partners and is a Founding Partner of Equicorp.  Frank has decades of experience in the franchise and restaurant space, holding such titles as Chairman, President and COO of multiple public and private companies.  Mr. Belatti has received the restaurant industry’s highest honor, Operator of the Year and the Golden Chain Award. He has also received the Silver Plate for culinary excellence.  He is an honoree of the Community Leadership Award from the Harvard Business School, the Beta Gamma Sigma Medallion for Entrepreneurship and the Anti-Defamation League’s Torch of Liberty. His concern for social justice has brought recognition from the Urban League, the NAACP, the YWCA and Habitat for Humanity.  Mr. Belatti is a member of the board of directors of the Radio Shack Corporation, the First Watch Corporation and is a founding member and director for Hank Aaron’s Chasing the Dream Foundation.  He is a member of the Business Advisory Council at the University of Notre Dame and is a lifetime member and past chairman of the Carter Center’s Board of Councilors. Frank received his bachelor’s degree from the University of Notre Dame and his MBA from Fordham University.

XMS Capital has a close working relationship with Equicorp Partners that leverages the franchise, restaurant and retail industry expertise of the Equicorp team to offer differentiated investment banking services in the space.

Equicorp is a team of very experienced former operating executives that have a track record of advising corporates and PE firms on a range of assignments, including:

  • Diligence of potential franchise/restaurant acquisition targets
  • Acquisition of franchisee owned units
  • Franchising/refranchising strategy
  • Operational turnarounds
  • Operating model optimization (at unit and corporate level)

Key Equicorp team members include Frank Belatti, Fred Beilstein, Freddy Beilstein, Dick Holbrook and Allen Tannenbaum.  The team formerly held these executive roles, among others:

  • President and COO of Arby’s, Inc.
  • Chairman and CEO of AFC Enterprises (parent company of Church’s Chicken™, Popeyes® Chicken & Biscuits, Cinnabon® and Seattle Coffee Company)
  • CFO of AFC Enterprises
  • President and COO of AFC Enterprises
  • General Counsel of AFC Enterprises Inc.
  • President & COO of Hospitality Franchise Systems (franchisor for Ramada, Howard Johnson and Days Inn hotels)
  • EVP of Operations for Hospitality Franchise Systems, Inc.
  • President & CEO of Goldco, LLC, a 110 unit Burger King franchise
  • Vice Chairman and CFO for Goldco, LLC
  • Board member of Rare Hospitality International, Inc.  prior to its purchase by Darden Restaurants (Rare was a publicly owned restaurant company whose concepts included Longhorn Steakhouse, Bugaboo Creek Steak House and The Capital Grille)
  • Director, President and CEO of Townsends, Inc. a $500 million in sales, 3,000 employee poultry processing company
  • CFO of Days Inn of America
  • Majority Owner and CEO of J. Christopher’s Restaurants, LLC
  • Treasurer and CFO of The Actava Group Inc.
  • CFO of URS Logistics