A global private equity firm, Rhône, has acquired Freddy’s, a popular fast-casual restaurant chain based in Wichita, Kansas. The purchase was made from Thompson Street Capital Partners, a middle-market private equity firm located in St. Louis, Missouri. Freddy’s, known for its made-to-order steakburgers, shoestring fries, and frozen custard treats, boasts over 550 locations across the United States and Canada. The chain has generated over $1 billion in system-wide sales, solidifying its position in the competitive restaurant industry.