Brinker acquires Chili's franchisee for $106.5M

Brinker acquires Chili's franchisee for $106.5M

Operator buys 103 units operated by Pepper Dining Holding Corp.

Brinker International Inc. has acquired 103 franchised Chili’s Grill & Bar restaurants with the $106.5 million acquisition of Pepper Dining Holding Corp., the company said Thursday.

Charlotte, N.C.-based Pepper Dining operated Chili's restaurants in the Northeast and Southeast, Brinker said. The 103 units comprise about a quarter of Chili’s 435 domestic franchised restaurants as of the third quarter ended March 25.

The purchase was funded under Brinker's existing c

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