Romano’s Macaroni Grill just purchased Sullivan’s Steakhouse chain for $32 million, a deal that includes the Baton Rouge Sullivan’s on Corporate Boulevard.
The sale included 14 restaurants, The Denver Business Journal reports.
The acquisition is the first major transaction for Denver-based Romano’s since it moved to Colorado in 2016, filed for Chapter 11 bankruptcy protection in October 2017 and then emerged from bankruptcy in February of this year after a restructuring process.
Speculation has circulated for some time that Texas-based Del Frisco’s would sell Sullivan’s, which has 14 locations in 12 states, and the company said Tuesday that selling the brand is part of a “strategic alternatives process” launched by Del Frisco’s in March.
The Sullivan’s brand is expected to remain in operation. Officials with Macaroni Grill said the steakhouse chain will complement its portfolio of more than 100 Italian restaurants.
Macaroni Grill operated a location in Baton Rouge in Citiplace from 1995 to 2010.
