Altamont Capital Partners, a California private equity firm, recently invested in Mini Melts.

With the new investment, the popular ice cream brand is eyeing major expansion, opening 12 new facilities this year, including one in Philadelphia, writes Emma Dooling for the Philadelphia Business Journal.

“We’re really making an investment more in the next three to four years of future sales,” said Dan Kilcoyne, who co-founded the company with his brother, Shawn, in Philadelphia in 2004.

Over its 20-year history, Mini Melts has evolved from a single vending machine to selling more than 30 million cups of beaded ice cream per year in over 15,000 locations across the United States.

The additional investment will allow the company to take its shipping operations out of its manufacturing facility in Norwich, Connecticut, and likely double its production capacity.

For shipping operations, Mini Melts is opening a separate center in Connecticut, and a facility in Greater Philadelphia, which it aims to complete by the end of 2024. 

Mini Melts also plans to open 10 distribution centers this year. 

Overall, the expansion efforts will coincide with the creation of dozens of new jobs.

Read more about the new ventures Mini Melts is eyeing upon its new investment at the Philadelphia Business Journal

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