Federal Donuts, popular for its donuts and fried chicken, is expanding across the Mid-Atlantic, thanks to Radnor-based equity investment firm NewSpring, writes Jason Sheehan for Philadelphia Magazine.

Federal has 11 locations now in Philadelphia and at the Wynnewood Whole Foods store.  That would expand to up to 150 locations throughout the Mid-Atlantic region.

Federal Donuts has grown slowly and carefully, guided by partners Michael Solomonov, Steve Cook, Felicia D’Ambrosio, Bob Logue and Tom Henneman under the name CookNSolo. 

The group perfected the food, expanded the menu, and locked in on the Federal Donuts name.

 “Taking this next step to partner with NewSpring will give us the opportunity to be a part of so many more neighborhoods,” said Tom Henneman in a NewSpring announcement.

The expansion will have owned and franchised operations. Cook and Solomonov will stay as company owners. Henneman will be Federal Donuts CEO.

The three will “stay closely involved in both strategic and day-to-day operations,” the NewSpring release stated.

NewSpring is also adding three people to the Federal Donut family—NewSpring partners Satya Ponnuru and Patrick Sugrue, along with jeff Benjamin, co-founder and COO of Vegri Management.

Read more at Philadelphia Magazine about the Federal Donut expansion into the Mid-Atlantic region.

Andrew Zimmern from the Travel Network’s Bizarre Foods stops by Federal Donuts in Center City.