With merger-and-acquisition activity continuing to boil, private-equity firm Sun Capital Partners Inc. said Wednesday it has acquired Bar Louie Restaurants, owner of the 44-unit namesake casual-dining chain. Based in Glenview, Ill., Bar Louie debuted in Chicago in 1991, and is known as a “progressively hip neighborhood restaurant and bar” with an American comfort food menu. The chain was sold by Restaurants-America, the multi-concept operator of such brands as Red Star Tavern, ...

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