Restaurant company buys fast-casual chain

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Published: June 27,2011

Tags: mergers and acquisitions, restaurants

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

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