Should tourists be concerned about sale of this popular Michigan-based company?

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Some are worried this deal could turn sour, but one financial expert said it could be sweet. 🍦

Whether it’s people who visit Northern Michigan during the summer or Florida during the winter months, a staple for many is to stop and get ice cream, fudge or candy at a Kilwins location.

Levine Leichtman Capital has a portfolio that also includes Tropical Smoothie Cafe, Mountain Mike’s Pizza, Nothing Bundt Cakes and Wetzel’s Pretzels. Conway said the McCartys must have gotten a price they liked in order to sell, and that private equity firms usually are not long-term investors.

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