Real Mex Restaurants Explained

Real Mex Restaurants
Industry:Restaurant / Mexican
Defunct:October 27, 2018
Location:Cypress, California, United States
Key People:Brian Lockwood (President, CEO)
Founder:Larry Cano

Real Mex Restaurants is the parent company for several chains of full-service Mexican restaurants in the United States. The company is headquartered in Cypress, California and operates more than 120 full service Mexican restaurants under eight brand names.[1]

History

The company claims its origin to Larry Cano who, in 1954 with the opening of the first El Torito restaurant, which expanded into a chain. Another origin was the founding of Acapulco Mexican Restaurant and Cantina in 1960. In 1998, Acapulco became owned by the private equity firm Bruckmann, Rosser, Sherrill & Co.,[2] which expanded it into Real Mex Restaurants, acquiring El Torito, Chevy's Fresh Mex and other Mexican full-service chains.[3] The company's reach is now nationwide, and the company claims to be the largest Mexican restaurant chain in the United States.[4]

In October 2011, the company filed for Chapter 11 bankruptcy.[5] In February 2012, it was sold to a group of debt holders.[6] The company is now owned by an investment group that includes Z Capital Partners.[7]

Real Mex Restaurants portfolio includes:El Torito, Acapulco Mexican Restaurant and Cantina, Chevy's Fresh Mex, El Paso Cantina, Who Song and Larry's and the Southern California landmark Las Brisas of Laguna Beach.

Notes and References

  1. Web site: Home page. Real Mex Restaurants. 5 October 2014.
  2. News: Acapulco restarts its engine, revs up for growth after 8 years in low gear.. https://web.archive.org/web/20140808043500/http://business.highbeam.com/409700/article-1G1-60903504/acapulco-restarts-its-engine-revs-up-growth-after-8. dead. August 8, 2014. Battaglia. Andy. March 13, 2000. Nation's Restaurant News. 5 October 2014.
  3. Web site: Real Mex Restaurants, Inc.. https://web.archive.org/web/20090318214512/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=8034332. dead. March 18, 2009. Bloomberg Businessweek. 5 October 2014.
  4. Web site: About Us. Real Mex Restaurants. 5 October 2014.
  5. News: Palank. Jaqueline. Real Mex Restaurants Files for Chapter 11 Bankruptcy. 4 October 2014. The Wall Street Journal. 4 October 2011.
  6. News: Darmiento. Laurence. Real Mex Approves Sale to Debt Holders. 4 October 2014. Los Angeles Business Journal. 8 February 2012.
  7. Web site: Real Mex Restaurants, Inc. Company Profile. Hoovers. 5 October 2014.