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Praesidian Capital acquires Texas Steakhouse & Saloon

Praesidian Capital, owner of Charlie Brown’s Steakhouse chain, has acquired Texas Steakhouse & Saloon, the New York-based company said in a statement.

Texas Steakhouse & Saloon consists of 19 units in North Carolina, Virginia, and West Virginia. Because the casual-dining brand is already well known in those states, the restaurant chain will retain its brand, said Rivian Bell, spokeswoman for Praesidian.

Terms of the deal were not disclosed.

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