Portillo's agrees to investment by Berkshire Partners

Portillo's agrees to investment by Berkshire Partners

Terms were not disclosed, but some reports indicate an outright acquisition

The parent to the Portillo’s Hot Dogs chain has agreed to a strategic investment by private equity firm Berkshire Partners, the company said Tuesday.

Terms of the deal were not disclosed, but the investment will help grow the 38-unit chain, as well as Barnelli’s Pasta Bowl. Both brands are operated by Chicago-based The Portillo Restaurant Group Inc.

Portillo’s founder Dick Portillo said in a statement that he was “seeking an experience partner that shared our vision fo

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