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 Donuts team, Dan most recently excelled in M & A activity as the Dunkin Brand 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 which produced over $500 million of Restaurant M&A related closings and $750 million of successful debt placements. Dan’s projects were 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 quarterbacking skills, JCM is a 2 time winner, 2014 & 2018, of the prestigious Franchise Times Dealmaker of the Year Award.

Prior to joining JCM Franchise Development, Dan spent 6 years at Dunkin’ Brands on the business development and franchising teams. His past leadership in mergers and 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 to bridge the gap 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 maintains close ties with the Dunkin’ Donuts 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 Chairmen.

Dan began his career in the Boston office of Ernst & Young, LLP where he spent six 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, 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