Sizzler USA acquired in management buyout

Sizzler USA has been acquired in a management buyout that will return ownership of the fast-casual chain to the city where it was born, the company said late Thursday.

Terms were not disclosed, but officials said it will be funded internally. The deal separates the 178 Sizzler locations in the United States from the roughly 100 restaurants overseas that will remain under previous owner Pacific Equity Partners, the Australia-based private-equity firm that has owned Sizzler’s world

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