San Diego-based Kelly Investment Group has acquired S.S. of Kansas Inc., and with it, 16 steakhouse-style restaurants in Kansas and Oklahoma. The terms of the transaction were not disclosed.
Kelly has acquired restaurants under the Sirloin Stockade, Montana Mike's and Coyote Canyon brands. The new owner intends to retain the current staff members at all 16 restaurants.
The sale was negotiated by Aethlon Capital, a Minneapolis-based investment bank that specializes in mergers and acquisitions and raising capital for public and private companies.
Kelly Investment Group, also known as Kelly Capital, invests in asset-based businesses and real estate properties across the United States. Owned assets here include the Andaz Hotel in San Diego, the Earl Sheib auto paint and body franchise, and the Bitter End nightclub in the Gaslamp Quarter.