Argonne Capital Group LLC has acquired 50 franchised Applebee’s units in Florida, doubling its holdings of the DineEquity Inc. casual-dining brand, Argonne said Thursday. The Atlanta-based private equity firm, through its subsidiary Summit Restaurant Group LLC and Neighborhood Restaurant Partners Florida LLC, acquired the Applebee’s Neighborhood Grill & Bar units and development rights in Tampa and Orlando from Casual Restaurants Concepts Inc. and CRC II LLC. Terms of the ...
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