KarpReilly buys ‘significant’ stake in five-unit concept
The five-unit Burger Lounge chain has received a “significant” investment from private-equity firm KarpReilly LLC in a move that will support new growth, the concept’s founder said. Burger Lounge founder J. Dean Loring declined to specify the investment amount from KarpReilly’s, whose restaurant portfolio includes Café Rio Mexican Grill, Café Zupas, Elephant Bar, Miller’s Ale House, and Z’Tejas Southwestern Grill. The Greenwich, Conn.-based ...
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