SEATTLE Restaurants Unlimited Inc., operator of the Kincaid's and Palomino casual-dining chains, has been acquired by an affiliate of the private-equity firm Sun Capital Partners Inc., parent of the El Torito, Chevys, Bruegger's and Fazoli's chains, among others. Terms of the deal were not disclosed.
The acquisition swells Sun Capital's foodservice investments to six companies encompassing 16 concepts. Its other investments include the Marsh Supermarkets and Mervyns department-store chains. The Boca Raton, Fla.-based company said its portfolio generates sales in excess of $33 billion annually.
In addition to 14 Kincaid's restaurants and nine Palomino's restaurant-bars, all of which are at the high end of casual dining, Restaurants Unlimited operates such concepts as Palisade, Cutters Bayhouse, Scott's, Ryan's Grill and Fondi Pizzeria. The company, based here, owns and operates 29 restaurants in total. It was owned by founder Rich Komen and members of management.
