Management buys controlling interest in Skyline Chili

CINCINNATI The management of Skyline Chili has bought back a controlling stake in the company from Prudential Capital Group of Chicago, which will retain a minority interest in the Cincinnati-style chili chain. Terms were not disclosed.

The 134-unit iconic chain was sold by local parties 10 years ago to Nautic Partners, a Providence, R.I.-based private equity firm. Skyline and Prudential Capital Group of Chicago have been working together during the past two years