Romano’s Macaroni Grill acquires units from franchisee in bankruptcy

Romano’s Macaroni Grill acquires units from franchisee in bankruptcy

Owner Golden Gate Capital will acquire four West Coast units from Waterloo Restaurant Ventures Inc.

Romano’s Macaroni Grill has agreed to acquire four West Coast units from a franchisee in bankruptcy, expanding its casual-dining holdings in its majority ownership’s home region.

Dallas-based Macaroni Grill, whose majority owner is private-equity firm Golden Gate Capital of San Francisco, is acquiring three units in California’s Bay Area and one in Seattle, Wash., in the Chapter 11 bankruptcy proceedings of franchisee Waterloo Restaurant Ventures Inc.

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