Dec. 16, 2016
North Carolina-based Rise Biscuits Donuts has signed a multi-state development agreement with MDO Holdings to introduce the concept to Georgia, South Carolina and Kentucky, according to the release.
MDO Holdings, an investment and management firm based in North Carolina, with a portfolio of more than 30 companies, joined the Rise franchise system in June 2016, to develop locations in Georgia and South Carolina. In November, MDO Holdings increased its development commitment to include Kentucky, bringing the total to almost 30-units. Its first store is projected to open in early 2017, Michael D. Olander Jr., CEO of MDO Holdings, said in the release.
"We have always been fans of the Rise concept and brand, once we met the team we quickly discovered they share the same commitment to providing a great product and world-class customer experience," he said. "We believe partnering with hard-working, principled, and conscientious companies creates success. We found this with Rise and are excited to join them in their journey.”
In 2014, Rise partnered with Fransmart to grow the Rise brand. In the past two years, Rise has opened six locations and has signed development agreements in nine states. With almost 100 units in development, Rise is poised to continue expanding throughout the United States, according to the release.