New York Pizza Dept is a Phoenix-based casual dining pizza chain with twelve locations throughout Arizona.

The Founders desired a complete liquidity event, while the managers Richard and Nicole preferred to continue managing the company and aspired for more equity.

CWC ran a process to secure capital for the management buyout of the exiting shares, and with the help of a debt and equity provider, Richard and Nicole were able to increase their ownership from 15% to 55%.