Souper Salad, Inc., has acquired Grandy’s, Inc. via bankruptcy sale from Spectrum Restaurant Group.
The sale includes substantially all of Grandy’s assets, including 67 franchised restaurants, seven of which are in Oklahoma.
Souper Salad is an affiliated portfolio company of Sun Capital Partners, Inc., a private investment firm specializing in leveraged buyouts and investments in market-leading companies.
Headquartered in Lewisville, Texas, Grandy’s is a restaurant franchisor of family style, quick service restaurants.
Souper Salad operates a chain of 87 restaurants located in twelve states with primary concentrations in Texas, Colorado, and Arizona.