Trimaran Capital Partners announced today that it has completed the acquisition of El Pollo Loco, the nation’s leading quick-service restaurant chain specializing in marinated, flame-grilled chicken and other Mexican-inspired entrees. Trimaran purchased the company from American Securities Capital Partners, L.P. in a deal originally announced on September 28, 2005. Terms were not disclosed.
“El Pollo Loco is a unique and well-regarded franchise, combining the flavor of authentic ethnic food with healthy, fresh ingredients. Its exceptional brand loyalty and appeal to many demographic groups make its growth prospects extremely encouraging. We look forward to working with management to bring this great brand across the U.S.,” said Andrew Heyer, a co-founder and Managing Partner at Trimaran Capital Partners.
El Pollo Loco’s management team, headed by President and CEO Stephen E. Carley, will continue in their current positions and will be investors in the transaction.
“El Pollo Loco has achieved remarkable momentum in recent years, and we look forward to continuing this course with Trimaran Capital Partners,” said Mr. Carley. “Their team brings a wealth of operating expertise to our brand, along with precisely the kind of thought leadership and passion that will fuel El Pollo Loco’s nationwide expansion. We are very excited about what the future holds for this powerful brand.”
