Jack’s Family Restaurants, a U.S. operator of quick-service restaurants, is exploring a sale, according to a report by the Wall Street Journal.
Homewood, Alabama-based Jack’s, backed since 2015 by Canadian private equity firm Onex Corp, could reach a valuation of about US$800 million or more, the report said, based on its growth and multiples that other restaurant groups are securing.
Established in 1960, Jack’s specializes in burgers, fried chicken, made-from-scratch biscuits, crinkle-cut fries and hand-dipped shakes.
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