j alexanders

The company that last year bought Logan’s Roadhouse and other brands out of bankruptcy — and that recently moved its headquarters to Houston from Nashville — has agreed to pay $220 million in cash for J. Alexander’s Holdings.

The leaders of SPB Hospitality expect to complete their purchase of J. Alexander’s, which runs 47 restaurants in 16 states, in the fourth quarter. News of the sale comes about 23 months after the directors of J. Alexander’s said they had begun to review the company’s strategic alternatives. That process was interrupted by the COVID-19 pandemic, but the company early this year said it would refocus its attention on a sale.

Tags

Recommended for you