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August 2001

Two New York Buyout Firms Complete Purchase of McCormick & Schmick’s Seafood Restaurants

NEW YORK, August 22, 2001 /PR Newswire/ -- Two New York-based private equity investment firms, Bruckmann, Rosser, Sherrill and Co., Inc. (BRS) and Castle Harlan, Inc., announced today they had completed their purchase of McCormick & Schmick's seafood restaurants from Avado Brands, Inc. (OTC Bulletin Board: AVDO) of Madison, Georgia, in a transaction valued at $123 million. McCormick & Schmick's management, including founders Bill McCormick and Doug Schmick, also participated in the transaction. McCormick & Schmick's operates...