Our Team: Dan Connelly


An experienced and goal driven deal maker, Dan brings a wealth of experience to the C Squared team. With Dan’s prior experience in accounting and finance and various roles as a member of the Dunkin Brands team, Dan most recently excelled in M&A activity as Dunkin Brands evolved into new markets and territories.

Prior to joining C Squared, Dan spent 11 years at Joyal Capital Management (JCM) where he ran the Franchise Development division. During his tenure at JCM, Dan completed over 60 consulting engagements that produced over $500 million of restaurant M&A related closings and $750 million of successful debt placements. Dan’s projects varied in nature as he provided advice on a full range of strategic transactions including mergers & acquisitions, sell-side and buy-side advisory services, leveraged buy-outs, joint ventures, strategic alliances, refinancings, debt placement, and other restructurings. As a direct result of Dan’s leadership and transaction skills, JCM is a 2-time winner, 2014 and 2018, of the prestigious Franchise Times Dealmaker of the Year Award.

Prior to joining JCM, Dan spent 6 years at Dunkin’ Brands on the business development and franchising teams. His past leadership in mergers & acquisitions at Dunkin’ Brands included the facilitation of the purchase and sale activity of Dunkin’ restaurants in New England and upstate New York. This process required leading more than 500 store transfers that involved store valuations, lease negotiations, lease assignments, valuation of rent streams and debt restructurings. Most importantly, Dan was able facilitate transactions between Dunkin’ Brands and the franchisee to allow for a smooth transition and an ultimate closing that provided a value proposition for everyone involved.

Dan has formed long-term relationships with the Dunkin’ franchisee community through his work with the Dunkin’ Donuts Independent Franchise Organization (DDIFO), where he has served on the Board of Directors since 2009 and currently serves as its chairman.

Dan began his career in the Boston office of Ernst & Young where he spent 6 years in the audit and consulting divisions.

Dan holds a Master’s degree in Business Administration from Babson College, Magna Cum Laude, a Bachelor of Arts degree in Economics/Accounting from the College of the Holy Cross and is Certified Public Accountant (inactive status) in the Commonwealth of Massachusetts.

Learn more about the rest of the C Squared Team:

Carty Davis

Patrick McCauley

Brent Elsass