Onex to sell Jack’s Family Restaurants
Jack's is a fast food restaurant chain with locations in Alabama, Georgia, Tennessee, and Mississippi.
Onex Corp., Canada, announced plans to sell Jack’s Family Restaurants, Birmingham, Ala.
“Over the course of our investment, Jack’s significantly accelerated its growth and brought its differentiated concept, high-quality food and exceptional customer service to new communities across the Southern U.S.,” says Matt Ross, managing director of Onex. “We’d like to thank Todd Bartmess, Jack’s management team and all of the company’s dedicated employees for being great partners to Onex. We wish them continued growth and success in the future.”
“Matt and the entire Onex team have been wonderful to work with. Their support has allowed us to continue to invest in our people, technology and the growth of our brand,” says Todd Bartmess, chief executive officer of Jack’s. “They were steadfast in their commitment to the Jack’s family and the high standards we set. We’re grateful for Onex’ partnership over the years.”
The Onex Group acquired Jack’s in July 2015 for $234 million.