Krystal Burger Chain Seeks Buyer

Krystal, a Southern icon of some 434 restaurants in 12 states, has hired Credit-Suisse First Boston Group to help market the 74-year-old restaurant company to potential buyers, the company confirmed Tuesday. 

"You have a lot of equity funds looking for investments, and restaurants are seen as offering good returns while being somewhat immune from the risks of foreign competition or big-box retailers," said Glenn Kaufman, managing director of the New York-based private-equity firm American Securities Capital Partners LLC.

[Photo by niceoutfit and story via R&I]