Acapulco Mexican Restaurant and Cantina facts for kids
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| Subsidiary | |
| Industry | Restaurants |
| Founded | 1960 |
| Parent | Xperience Restaurant Group |
Acapulco Mexican Restaurant and Cantina is a restaurant chain founded in 1960 in Pasadena, California. They currently have restaurants in California and Oregon. The restaurant chain is owned by Xperience Restaurant Group which is headquartered in Cypress, California. There are currently four restaurants, all of which are located in Southern California.
History
In 1985, Restaurant Associates acquired Acapulco. When Compass Group acquired Restaurant Associates in 1998, Acapulco became owned by Bruckmann, Rosser, Sherrill & Co., a private equity firm that had an ownership stake in Restaurant Associates. Bruckmann, Rosser, Sherrill & Co. used Acapulco as the starting point of Real Mex Restaurants, acquiring such chains as El Torito and Chevys Fresh Mex. In 2006, Sun Capital Partners, Inc. purchased Real Mex Restaurants for $359 million from Bruckmann, Rosser, Sherrill & Co.
On October 4, 2011, Real Mex filed for Chapter 11 bankruptcy and announced that it was putting itself up for sale citing the poor economy as a reason. It was acquired by a group of its noteholders in a bankruptcy auction in 2012.
