Onex-backed Jack’s Family Restaurant explores sale: WSJ

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.