McDonald’s (MCD), the world’s biggest restaurant company, said Monday it reached a deal to sell its Boston Market chicken chain to private equity firm Sun Capital Partners for an undisclosed amount.
The fast-food company said in January it was exploring options for Boston Market as part of a strategy to focus on its primary hamburger chain.
In a filing with the Securities and Exchange Commission, McDonald’s said it expected the Boston Market deal to be completed in the current quarter. It does not expect to record a loss for the sale.
As of June 30, Boston Market’s total assets were $180 million, with total liabilities of $89.1 million, according to the filing.
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