Hoping to become the world's leading American rib brand, the parent of Tony Roma’s on Tuesday announced it has been acquired by Equity Investors of New England Inc. Terms were not disclosed.
In addition, the Orlando, Fla.-based Romacorp Inc. named Ramon Bourgeois to the role of chief operating officer and acting CEO. Bourgeois is an industry veteran who previously held executive positions at Areas USA Inc., The Cheesecake Factory, The Palm Restaurant Group and Legal Seafoods.
“Having worked with Romacorp for the past six years, I have a thorough understanding of our opportunities and strengths around the world. I am dedicated to the growth and success of our brand, our team, franchisees and worldwide customers and I look forward to taking on this new leadership role,” Bourgeois said in a statement.
The nearly 50-year-old casual-dining franchise chain has long been known for its international presence. Tony Roma's includes more than 100 restaurants in 22 countries.
With the deal, the company is planning to grow. Equity Investors of New England is described in press materials as “a well-capitalized investment company,” which is “committed to making Tony Roma’s the number one American rib concept brand around the world.”
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