Praesidian Capital's Steakhouse Chain Acquires Texas Steakhouse & Saloon

Mezzanine investor Praesidian Capital's Charlie Brown's Steakhouse chain of neighborhood restaurants has acquired 19 Texas Steakhouse & Saloon restaurants in North Carolina, Virginia, and West Virginia. New York-based Praesidian acquired the restaurants through its Praesidian Capital Opportunity Fund III and III-A from Boddie-Noell Enterprises, a Rocky Mount, N.C. owner of food service and land-development projects.

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