Olympus Partners Purchases 95 Chili’s Restaurants

Earthtimes.org:

Olympus Partners is pleased to announce the purchase, for $155 million, of 95 Chili’s Grill & Bar restaurants located in the Northeastern and mid-Atlantic region from Brinker International, Inc.. Olympus is establishing a new Chili’s franchise named Pepper Dining, Inc. to operate the restaurants. John McGlone a former senior operating executive of Chili’s will be the CEO of Pepper Dining. Olympus plans to actively open new units.

Paul Rubin of Olympus Partners commented, ‘We are very excited to own these exceptional assets in the casual dining category and be associated with the Chili’s brand and the Brinker organization. We look forward to partnering with John and his team.’

The Olympus restaurant portfolio has included Hometown Buffet, a Wendy’s franchisee, a Taco Bell franchisee, a KFC franchisee and a Golden Corral franchisee.