Elite Restaurant Group Acquires Slater's 50/50
December 20, 2016
Elite Restaurant Group has agreed to acquire Slater's 50/50, including six restaurants and the brand's intellectual property, from founder Scott Slater. The deal, expected to close in February, will see Scott Slater step down as president and remain on as an advisor while the buyer plans renovations, company-owned expansion and a franchising program to grow the brand beyond Southern California.
- Buyers
- Elite Restaurant Group
- Targets
- Slater's 50/50
- Sellers
- Scott Slater, Slater's 50/50
- Industry
- Restaurants & Hospitality
- Location
- California, United States
- Transaction Type
- Buyout
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