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Wednesday, May 25, 2022

El Torito Parent Buys 2 Brands

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Cypress-based Xperience Restaurant Group bought Newport Beach-based Sol Mexican Cocina and Solita Tacos & Margaritas, sister brands with a total of six locations.

XRG emerged from the mid-2018 bankruptcy of the former Real Mex Restaurants and is owned by Z Capital Group in New York. Its other brands include Acapulco, Chevys Fresh Mex, El Torito, Las Brisas, Who Song and Larry’s, and Sinigual. With the acquisition it has 62 locations. Z Capital separately owns and operates L.A.-based Pink Taco.

Sol has four locations, in Newport Beach, Scottsdale, Playa Vista and Denver, and Solita has two, in Huntington Beach and Valencia, Calif.

XRG Chief Executive Randy Sharpe and Z Capital Chief Executive James Zenni both suggested in a press release on the deal that more acquisitions are likely.

XRG was the No. 11-ranked OC-based restaurant chain according to the Business Journal’s most recent research.

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