Acapulco Mexican Restaurant and Cantina
TypeSubsidiary
IndustryRestaurants
Founded1960 (1960)
Number of employees
236
ParentXperience Restaurant Group
Websitewww.acapulcorestaurants.com

Acapulco Mexican Restaurant and Cantina is a restaurant chain founded in 1960 in Pasadena, California. They currently only have restaurants in California. The restaurant chain is owned by Xperience Restaurant Group which is headquartered in Cypress, California.[1] There are currently four restaurants, all of which are located in Southern California.[2]

History

In 1985, Restaurant Associates acquired Acapulco.[3] When Compass Group acquired Restaurant Associates in 1998, Acapulco became owned by Bruckmann, Rosser, Sherrill & Co., a private equity firm that had an ownership stake in Restaurant Associates.[4] Bruckmann, Rosser, Sherrill & Co. used Acapulco as the starting point of Real Mex Restaurants, acquiring such chains as El Torito and Chevys Fresh Mex. In 2006, Sun Capital Partners, Inc. purchased Real Mex Restaurants for $359 million from Bruckmann, Rosser, Sherrill & Co.[5]

On October 4, 2011, Real Mex filed for Chapter 11 bankruptcy and announced that it was putting itself up for sale citing the poor economy as a reason.[6] It was acquired by a group of its noteholders in a bankruptcy auction in 2012.[7] In 2018, FM Restaurants HoldCo, LLC acquired Acapulco Mexican Restaurant and Cantina out of bankruptcy and begun operations under Xperience Restaurant Group. [8]

References

  1. ↑ "Simply Hired". Archived from the original on 2011-05-24.
  2. ↑ "Acapulco Restaurants - Locations". Retrieved 2020-09-05.
  3. ↑ N.Y. Firm Will Buy Acapulco Eatery Chain
  4. ↑ Acapulco restarts its engine, revs up for growth after 8 years in low gear.
  5. ↑ Jennings, Lisa (2006-09-04). "Sun Capital buys Real Mex in $359M deal". Nation's Restaurant News. BNET. Retrieved 2008-09-25.
  6. ↑ Sharron, Bernstein (2011-10-04). "Chevy's, Acapulco Chains File for Bankruptcy". Retrieved 2011-10-04.
  7. ↑ Bankruptcy court approves Real Mex sale
  8. ↑ Group, Z. Capital. "Z Capital Affiliate Completes Acquisition of Certain Assets of Real Mex Restaurants, Forming Xperience XRG Restaurant Group". www.prnewswire.com (Press release). Retrieved 2022-10-03.

34°09′26″N 118°15′50″W / 34.15710°N 118.26389°W / 34.15710; -118.26389

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.