Rita's Water Ice reported in sales talks


Tom Paine



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From Fortune's Term Sheet: "Multiple sources say that Argosy Partners and MTN Capital Partners are nearing a deal to purchase Rita's Water Ice, a chain of Italian ice concept restaurants, from Falconhead Capital." Term Sheet is usually a reliable source (at least for
the next couple of weeks until its author departs).

Rita's Water Ice (or Rita's Italian Ice) was founded in 1984 and is based in Trevose. It now has over 600 stores. It just opened its first stores in Massachusetts last week.








at 12:23 PM

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