Sizzler to be sold; CEO Cole to join Quaker Steak

CULVER CITY Calif. The Australian owner of Sizzler is putting the grill chain up for sale and Ken Cole is stepping down as president and chief executive of Sizzler’s U.S. operations to head the casual-dining chain Quaker Steak & Lube, company officials said Friday.

Sydney, Australia-based Pacific Equity Partners, which bought the Sizzler brand in 2005, has hired the Los Angeles-based investment banking firm Houlihan Lokey to find a buyer for both Sizzler’s do

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