Brentwood Associates, a private-equity investor in Los Angeles, has acquired K-Mac Holdings Corp., Taco Bell’s third-largest franchisee, from Olympus Partners, a private-equity firm in Stamford, Conn. K-Mac, based in Fort Smith, Ark., operates 167 Taco Bells, mainly in the Southwest, as well as KFC and Golden Corral units for a total of 190 stores. Terms of the transaction were not disclosed, but a Brentwood spokesman confirmed the deal. Brentwood Associates’ portfolio ...

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