Private equity firm buys 95 Chili's units for $155M

STAMFORD Conn. The private-equity firm Olympus Partners has acquired 95 Chili's Grill & Bar units from Brinker International for $155 million as the foundation for a new franchise operating company called Pepper Dining Inc.

As part of the deal, Brinker said, Pepper Dining has agreed to develop at least 14 and possibly as many as 38 additional Chili's outlets.

The new venture will be headed by John McGlone, a former Chili's operations executive, Olympus

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