The Greenwich private equity firm L Catterton has acquired Uncle Julio’s, a chain of upscale Mexican restaurants headquartered in Dallas. Terms of the transaction were not disclosed.
Founded in 1986, Uncle Julio’s has restaurants in Florida, Georgia, Illinois, Maryland, Tennessee, Texas and Virginia. L Catterton announced plans to open new units in both existing and new markets.
“Uncle Julio’s is a unique and authentic upscale dining experience with an on-trend brand and broad consumer appeal,” said Andrew C. Taub, managing partner in L Catterton’s Buyout Fund. “Uncle Julio’s is a leader in the growing polished casual Mexican restaurant space, and its differentiated concept resonates across a variety of occasions and demographics.”
This is the latest investment by L Catterton in restaurant chains, which include Hopdoddy, P.F. Chang’s, Anthony’s Coal Fired Pizza, Chopt Creative Salad Company, Cheddar’s Scratch Kitchen, PIADA, First Watch and Velvet Taco.