Waterpark Management Inc. (“Schlitterbahn”) (July 2018-June 2019) Camino Real Advisors served as an advisor to the Family ownership group of Schlitterbahn which was founded in 1979 and operates four iconic waterparks. We led the exploration of strategic alternatives for the Family. In this advisory role, Camino Real Advisors spent significant time with each constituent to determine each’s needs and objectives. The Family directed us to conduct a sale process wherein we sourced, interviewed and engaged attorneys and other professionals. We served as the liaison between the Company and its professionals, led the preparation of all process and diligence materials, prepared the management team for and participated in meetings with interested parties, negotiated directly with interested parties and advised the Family on its alternatives.
Lupe Tortilla Holdings, Inc. (“Lupe”) (June 2014-present) Shackelford currently serves an advisory director to Lupe which was founded in 1983 and currently operates and licenses full-service “Texas-Mex” restaurants in four Texas markets. In 2014, Shackelford assisted the Family ownership group with the consolidation of 14 partnerships into a holding company. This process included the structuring and execution of an offering made to 85 limited partners. In 2015, Shackelford led a process wherein Lupe obtained a $35M credit facility. The process included preparing informational materials, preparing the team for and participating in management presentations and negotiating the credit agreement. Shackelford is assisting the Lupe management team in executing their growth plan including people planning, people sourcing, capital planning, etc.
Snooze Holdings, Inc. (“Snooze”) (December 2012-present) Snooze is headquartered in Denver and operates more than full-service breakfast and lunch restaurants. Shackelford led the diligence for a November 2012 investment in Snooze by Weston Presidio, a private equity firm. Shackelford co-invested with Weston Presidio and was interim CFO for 18 months post-investment. He played either the lead or a major role in every aspect of the Company’s “professionalization”, including serving as liaison to Weston Presidio and the board of directors, assisting in the hiring of an entire new management team, and developing the Company’s back-office accounting and administrative infrastructure. Shackelford participated in all major decisions, hired and led the finance, accounting and IT staff and helped hire two permanent CFOs. In May 2016, Shackelford returned as interim CFO as the Company prepared for an M&A process. Shackelford led the finance, accounting and IT staff, worked with the Company’s advisors to prepare all marketing and diligence materials, and played a significant role in the diligence process for the transaction which closed in November 2016. Shackelford remains a shareholder in Snooze.
Tacodeli Holdings, Inc. (“Tacodeli”) (January 2015-present). Shackelford currently serves as the sole outside director of Tacodeli which was founded in 1999 and currently operates fast-casual taquerias in three Texas markets. Shackelford is assisting Tacodeli’s founders and management team with their growth, including people planning, people sourcing, capital planning and building a new restaurant pipeline.
(August 2015-April 2016) Shackelford served as an advisor to the Family ownership group of a large quick service restaurant chain in 2012 and was engaged formally in August 2015 to lead the exploration of “strategic alternatives” for the Family. In this advisory role, Shackelford spent significant time with each constituent to determine each’s needs and objectives. The Family directed Shackelford to conduct a process wherein investment bankers, attorneys and other professionals were sourced, interviewed and hired, served as the liaison between the Company and those professionals, led the preparation of all process and diligence materials, helped prepare the management team for and participated in management meetings and advised the Family on its alternatives.
Subramanium LLC (“JuiceLand”) (November 2017-present) Shackelford currently serves as an outside director of JuiceLand which was founded in 2003 and currently operates juice bars in three Texas markets. Shackelford is assisting JuiceLand’s founder and management team with their growth, including people planning, people sourcing, capital planning and building a new restaurant pipeline.
Chuy’s Comida Deluxe, Inc. (“Chuy’s”) (May 2006-May 2011) In 2006, Shackelford played a lead role in a control investment by Goode Partners in Chuy’s, an Austin, TX-based chain of eight high-volume Tex-Mex restaurants. Shackelford sourced the investment, led the diligence, obtained and negotiated the credit side of the acquisition financing and served as chairman of the audit committee of the Board of Directors. On July 27, 2012 Chuy’s successfully completed an initial public offering (IPO). After the IPO, Chuy’s completed two secondary offerings with total proceeds of more than $200mm and reached a market cap of more than $700mm. Chuy’s currently operates restaurants in 19 states.