Restaurant company buys fast-casual chain
JACKSON — Salsarita’s in the sale of the company to Mississippi Restaurant Group, LLC, led by Phil Freidman, former CEO of McAlister’s Deli, has acquired Salsarita’s, an independent fast-casual brand serving Mexican cuisine.
Terms were not disclosed.
Salsarita’s is headquartered in Charlotte, N.C., and has over 80 locations throughout the Central and Eastern United States.
Salsarita’s retained The Cypress Group to evaluate a variety of strategic options including the sale of the concept, a partial liquidity event for the ownership group and raising growth capital for the brand. After reviewing multiple alternatives, Salsarita’s elected to sell to Mississippi Restaurant Group.
Source: The Cypress Group
![[RSS Feed]](http://i2.wp.com/msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/rssfeed.png)
![[del.icio.us]](http://i0.wp.com/msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/delicious.png)
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Click Boutique revives Hattiesburg downtown retail district
- Fervor grows for Tuscaloosa Marine Shale
- KEEPING OUR EYE ON: Elizabeth Harris
- Brown would make history if confirmed as judge
- Real estate company paying $1M for compromising wetlands
- Nullification and interposition
- Authorities: Suspect in ricin-laced letters case appeared to try to run
- Froyo y’all: Couple brings 'delicious' dessert to Delta
- Undersecretary: 'I understand the frustration' over catfish inspections
POST A COMMENT