While the parent company of Sullivan’s Steakhouse is planning to purchase two new brands, it also has received several new bids for Sullivan’s.
The Dallas Business Journal reports Irving, Texas-based Del Frisco’s Restaurant Group—which announced in March it was considering a sale for the 14-unit Sullivan’s concept—confirmed today that it is in the process of negotiating terms for a deal. An agreement is expected to be in place within 60 to 90 days. Sullivan’s lone Louisiana location is on Corporate Boulevard in Baton Rouge.
News of a potential Sullivan’s sale comes as Del Frisco’s is venturing into Spanish cuisine with a $325 million all-cash purchase of Barteca Restaurant Group and its two brands, Barteca and Barcelona Wine Bar. Combined, they span 31 restaurants in 10 states and Washington D.C.
