Red, Hot & Blue sold

ARLINGTON, Va. Red, Hot & Blue Restaurants Inc., operator or franchisor here of 33 sit-down barbecue restaurants, has been acquired by Dancing Pigs LLC, a Windermere, Fla.-headquartered investment group formed by two industry veterans. Terms were not disclosed.

“Dancing Pigs is ready to take it to the next level,” Red, Hot & Blue chairman Wendell Moore said in a prepared statement.

Dancing Pigs is owned by John Walker, a former chief of the CNL Restaurant Pr