LongRange Capital
āBob Berlin's firm saved Arby's. Its other bets: a casket maker, a gym chain that went bankrupt in 2020, and a just-closed $1.5 billion buyout of Pizza Hut.ā
LongRange Capital currently owns 2 consumer brands we track, including 24 Hour Fitness and Pizza Hut, across 2 categories.
LongRange Capital is a Stamford, Connecticut private equity firm founded in 2019 by Bob Berlin, a former Baupost investor who ran the turnaround of Arby's. It manages roughly $1.7 billion and sells itself on a longer-term, "customer-first" approach to fixing businesses. Its consumer holdings run an odd gamut: Batesville, the casket and funeral-products maker it bought from Hillenbrand in 2023, and 24 Hour Fitness, which it picked up in January 2026 alongside the gym chain's returning founder, Mark Mastrov. In September 2026 it closed its roughly $1.5 billion purchase of Pizza Hut outside mainland China from Yum! Brands, its first restaurant chain. It also briefly held a stake in UK food maker Bakkavor before Greencore bought that company out in January 2026.
Founded 2019 Ā· Stamford, CT