Logan’s Roadhouse Inc. said Monday it struck an agreement to be sold to private-equity firm Kelso & Co.
Terms of the deal were not disclosed.
Kelso is a New York-based private-equity firm that holds investments in numerous industries, including the consumer and retail segments. According to its website, it held a stake in IHOP Corp. in 1987.
Nashville, Tenn.-based Logan’s, the operator or franchisor to 214 casual-dining restaurants, has been