Boston Market Sold: Restaurant Chain Acquired In Undisclosed Deal After Closing 10% Of Its Locations

Restaurant chain Boston Market has been acquired by Engage Brands, which is part of the Rohan Group of Companies, which also owns multiple franchised restaurant locations, including brands under the Pizza Hut and Checker’s Rally’s namesake.

Engage Brands acquired the struggling Boston Market from its owners, Sun Capital Partners, in a private deal where terms of the agreement were not disclosed.

“We are very pleased to partner with Engage Brands as we embark on our next chapter of growth,” Eric Wyatt, CEO of Boston Market, said in a statement “Engage Brands brings an enthusiastic, experienced, and successful ownership group to Boston Market, as well as access to resources that we need to continue to operate our business in this challenging environment.

“With the strategic and financial backing Jay [Jignesh (Jay) Pandya] and his team bring, we will continue to focus on key operational initiatives to improve guest experience, menu development, and focus on the growth of our brand. We are now well-positioned to achieve future success during a period of unprecedented disruption for our industry.”

The deal comes as Boston Market shed 10% of its stores because they were underperforming and had its CEO Frances Allen step down seven months later, replaced by the company’s COO Eric Wyatt in February, Nation’s Restaurant News reported.

Boston Market, which serves homestyle meals, has more than 5,500 employees and operates more than 300 restaurants throughout the U.S.