David Kahn, founder of Yogurt Mountain, sold his remaining 20% stake in the company that is controlled by Books-A-Million and Anderson Private Capital Partners, AL.com reported. In 2010, Kahn had sold 80% of his company--40% each--to BAM and the equity firm. Yogurt Mountain has more than 40 stores in 14 states.
BAM executive chairman Clyde Anderson "has a tremendous vision," Kahn said. "I have a tremendous amount of respect for Clyde and great confidence that the brand will continue on. To be partners with the Anderson family was an amazing experience."
Kahn "expects the company will continue to grow as it has in recent years, through a combination of new corporate stores, franchises and locations inside Books-A-Million stores," AL.com wrote.
