Search
 

El Pollo Loco Takes Flight

IRVINE, CA-Trimaran Capital Partners, owner of Charlie Brown's casual steak restaurant chain, buys El Pollo Loco and plans a national expansion.

By Dana Dubriwny | Updated on September 28, 2005

IRVINE, CA-American Securities LP is selling off its quick-service restaurant chain El Pollo Loco to Trimaran Capital Partners, owner of Charlie Brown’s casual steak restaurant chain in the Northeast.

Spanish for “the Crazy Chicken,” El Pollo Loco currently operates 328 restaurants: 139 are owned and operated by the company; 189 are owned by franchisees. The restaurants are currently located in California, Arizona, Nevada and Texas, with the first Chicago restaurant scheduled to open in mid-October, 2005. As part of its plans to expand nationwide, El Pollo Loco has a “strong pipeline” of company-owned and franchise restaurants in California, Colorado, New England, New Jersey, New York, Oregon, Texas and Washington, DC.

American Securities Capital Partners, LP purchased El Pollo Loco from Advantica Restaurant Group in December of 1999. Glenn Kaufman, managing director with American Securities, says the company targets and works with “profitable and specially positioned companies to generate long-term capital appreciation.” Calling El Pollo Loco a “classic success story,” he says the partnership has been a triumphant investment for American Securities.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.