GOLDEN, COLO. — Engage Brands, LLC, one of the Rohan Group of Companies owned by investor and restaurant operator Jignesh (Jay) Pandya, has acquired Boston Market from Sun Capital Partners, Inc. Terms of the transaction were not disclosed.
Engage brands operates multiple franchised restaurant concepts, including Pizza Hut and Checkers & Rally’s.
“We are very pleased to partner with Engage Brands as we embark on our next chapter of growth,” said Eric Wyatt, chief executive officer of Boston Market. “Engage Brands brings an enthusiastic, experienced, and successful ownership group to Boston Market, as well as access to resources that we need to continue to operate our business in this challenging environment. With the strategic and financial backing Jay and his team bring, we will continue to focus on key operational initiatives to improve guest experience, menu development, and focus on the growth of our brand. We are now well-positioned to achieve future success during a period of unprecedented disruption for our industry.”
The deal is the latest in a series of changes at the Golden, Colo.-based fast casual chain. Former CEO Frances Allen stepped down and was replaced by Mr. Wyatt in February. Last summer, the company closed 45 underperforming locations, representing 10% of its stores.
“I look forward to working with and being a resource for the Boston Market team, preserving the jobs of our more than 5,500 team members, and helping set the brand on solid footing for the future,” Mr. Pandya said.