BOCA RATON, Fla.--(BUSINESS WIRE)--Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, today announced that one of its affiliates has acquired Restaurants Unlimited, Inc. (“Restaurants Unlimited”). Restaurants Unlimited operates 29 restaurants in twelve states including 14 Kincaid’s – an American Fish, Chop, and Steakhouse; 9 Palomino’s – an upbeat city restaurant and bar famous for its European-inspired American cuisine; and five other concepts such as Palisade, Cutters Bayhouse, Scott’s, Ryan’s Grill, and Fondi Pizzeria. Terms of the acquisition were not disclosed.
Steve Stoddard, President and CEO, Restaurants Unlimited, Inc., said, “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.”
M. Steven Liff, Managing Director, Sun Capital Partners, Inc., added, “From classic upscale American dining to European bistros to brick-oven Neapolitan-style pizzerias, Restaurants Unlimited focuses on creative restaurant concepts to meet the changing needs and desires of America's dining public by offering quality food, guest-first culture, and great experiences. We are very pleased to partner with Steve Stoddard and his management team by supporting them in capitalizing on growth opportunities within the Company’s brands and by deepening the penetration of its existing markets.”
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in and managed more than 145 companies worldwide with combined sales in excess of $33.0 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, and New York, as well as affiliates with offices in London, Tokyo, and Shenzhen. For more information, please visit www.SunCapPart.com.