Boloco burrito chain gets $10M boost of financing

BOSTON Private-equity firm Winona Capital Management has invested $10 million in Stellar Restaurant Group’s 13-unit Boloco fast-casual burrito concept.

The money, executives said, will be used primarily to fund expansion of the Boston-based chain, which specializes in burritos, wraps and smoothies.

Founded in 1997 and originally named The Wrap by partners John Pepper, Adam Liebman, Jason Hutchinson and Gregg Harris, the chain was rechristened Boloco in O

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