The acquisition will spur improvements in and growth of the comfort food-centric concept, according to the holding company.
Private-equity investor JPB Capital Partners sponsored the deal, the terms of which were not disclosed.
“Our interest in acquiring this brand lies in the belief that Ted’s Bulletin can serve as an anchor in its communities across the greater Washington area and beyond,” Steve Salis, owner of Salis Holidings, said in a statement, noting that the company is committed to “protecting and preserving the neighborhood experience Ted’s Bulletin has provided for so many guests.”
Ted’s Bulletin launched in 2010 as a family-friendly American diner with art-deco decor and a full bar. Its units are in the Washington, D.C., area.
Washington, D.C.-based Salis Holdings’ investments include &pizza and barbecue restaurant Federalist Pig.