Acapulco Mexican Restaurant and Cantina

Acapulco Mexican Restaurant and Cantina
Subsidiary
Industry Restaurants
Founded 1960
Parent Real Mex Restaurants
Website www.acapulcorestaurants.com

Acapulco Mexican Restaurant and Cantina is a restaurant chain founded in 1960 in Pasadena, California. They currently have restaurants in California and Oregon. The restaurant chain is owned by Real Mex Restaurants which is headquartered in Cypress, California.[1] There are currently 14 restaurants.[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]

References

  1. ↑ "Simply Hired". Archived from the original on 2011-05-24.
  2. ↑ "Acapulco Locations". Archived from the original on 2014-06-16.
  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

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