ARLINGTON, Va. Red, Hot & Blue Restaurants Inc., operator or franchisor here of 33 sit-down barbecue restaurants, has been acquired by Dancing Pigs LLC, a Windermere, Fla.-headquartered investment group formed by two industry veterans. Terms were not disclosed. “Dancing Pigs is ready to take it to the next level,” Red, Hot & Blue chairman Wendell Moore said in a prepared statement.Dancing Pigs is owned by John Walker, a former chief of the CNL Restaurant Properties Inc. trust, now ...

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