Sun Capital acquires Restaurants Unlimited
March 27, 2007
by FoodBusinessNews.net Staff
BOCA RATON, FLA. — An affiliate of the private investment firm Sun Capital Partners Inc. has acquired Restaurants Unlimited Inc.
Restaurants Unlimited operates 29 restaurants in 12 states, including Kincaid’s, Palomino’s, Palisade, Cutters Bayhouse, Scott’s, Ryan’s Grill and Fondi Fizzeria.
"This transaction represents an exciting partnership with a skilled and experienced restauranteur that has the requisite financial resources and deep operating experience to be instrumental in strengthening our brands and building out our footprint in suitable locations," said Steve Stoddard, president and chief executive officer of Restaurants Unlimited.
Sun Capital partners focuses on leveraged buyouts, equity, debt and other investments. The company’s affiliates have invested in and managed more than 145 companies throughout the world representing combined sales of over $33 billion since 1995. Some of the companies Sun Capital has invested include Bruegger’s Enterprises, Creekstone Farms Premium Beef, Fazoli’s, Garden Fresh Restaurant Corp. and Marsh Supermarkets.