Argonne acquires 50 Applebee’s restaurants

Argonne acquires 50 Applebee’s restaurants

The acquisition of the Florida units doubles the private equity firm’s holdings of the casual-dining chain

Argonne Capital Group LLC has acquired 50 franchised Applebee’s units in Florida, doubling its holdings of the DineEquity Inc. casual-dining brand, Argonne said Thursday.

The Atlanta-based private equity firm, through its subsidiary Summit Restaurant Group LLC and Neighborhood Restaurant Partners Florida LLC, acquired the Applebee’s Neighborhood Grill & Bar units and development rights in Tampa and Orlando from Casual Restaurants Concepts Inc. and CRC II LLC. Ter

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