Engage Brands Acquires Boston Market
Boston Market has been acquired by Engage Brands LLC from affiliates of Sun Capital Partners, Inc. Terms of the private transaction were not disclosed.
Engage Brands is one of the Rohan Group of Companies, owned by real estate investor and restaurant operator, Jignesh (Jay) Pandya of Bucks County, Pennsylvania.
The Rohan Group has ownership interests in multiple franchised restaurant concepts.
“We are very pleased to partner with Engage Brands as we embark on our next chapter of growth,” said Eric Wyatt, Chief Executive Officer of Boston Market. “Engage Brands brings an enthusiastic, experienced, and successful ownership group to Boston Market, as well as access to resources that we need to continue to operate our business in this challenging environment. With the strategic and financial backing Jay and his team bring, we will continue to focus on key operational initiatives to improve guest experience, menu development, and focus on the growth of our brand. We are now well-positioned to achieve future success during a period of unprecedented disruption for our industry.”
“I am thrilled to be a part of such an iconic brand as Boston Market, a truly great American restaurant chain with a high quality and delicious menu. I look forward to working with and being a resource for the Boston Market team, preserving the jobs of our more than 5,500 team members, and helping set the brand on solid footing for the future,” said Pandya.
Headquartered in Golden, Colorado, Boston Market Corp. has 300 U.S. locations.