Restaurant Technologies, Inc.
Restaurant Technologies, Inc. ("RTI" or the "Company") is the largest national provider of closed-loop automated cooking oil solutions to the U.S. restaurant and hospitality markets. RTI offers fresh oil delivery, used oil removal, and remote monitoring / data analytics out of a nationwide network of 41 depots and ~350 specialty designed vehicles. RTI installs its cooking oil systems at no up-front cost to the customer, and oil delivery and removal services are scheduled automatically based on RTI’s remote monitoring of new oil levels in customer tanks. RTI serves roughly 22,600 customers across 2,600+ customer contracts with a concentration around quick service restaurants. Founded in 1996, the Company has since revolutionized cooking oil management, having developed proprietary technology and service-based solutions that address the challenges faced by restaurants and foodservice operations. RTI’s value proposition remains high today: customers perceive the Company’s solution positively as a highly valuable way to minimize costs, improve worker safety and efficiency, and enhance food quality in their establishments. RTI is led by Jeff Kiesel, CEO.
Date of Investment: April 2015
Headquarters: Mendota Heights, MN