Aethlon advised and negotiated the sale of Sirloin Stockade of Kansas, Inc., headquartered in Hutchinson, Kansas, to Kelly Investment Group of San Diego, California. As part of the transaction, which closed on June 4th, Kelly Investment Group acquired 16 Sirloin Stockade, Montana Mike’s and Coyote Canyon brand restaurants in Kansas and Oklahoma.”Aethlon played a critical role in the sale of my company” said Gale Premer, CEO of Sirloin Stockade of Kansas. “The team understood our industry and accurately communicated the essence of our business to potential buyers. There was a strong sense of partnership and collaboration with the Aethlon team throughout the process, and we were glad to have them as our representative.”
“We are very pleased to have advised Mr. Premer on the sale of his restaurants,” said Sima Griffith, managing principal of Aethlon Capital. “The Aethlon team conducted a broad marketing process to both strategic and financial buyers that resulted in a positive outcome for our client.”
“Aethlon was engaged as the company’s exclusive sell-side advisor because of our strong industry knowledge, relevant buyer relationships and sell-side advisory expertise,” she said.
Kelly Investment Group will retain current staff members at all 16 restaurants.
About Sirloin Stockade of Kansas, Inc.
Sirloin Stockade of Kansas operated 16 Sirloin Stockade, Montana Mike’s and Coyote Canyon brand restaurants in Kansas and Oklahoma. Gale Premer became a franchisee of Sirloin Stockade in 1975 and also served as chairman and CEO of Stockade Companies, the franchisor of the three restaurant concepts.
About Kelly Investment Group
Headquartered in San Diego, California, Kelly Investment Group invests in asset-based businesses and real estate properties across the United States. For additional information, visit: www.KellyInvestmentGroup.com.