Research depth
Outcomes researched
Reviewed operating findings or a classified operating outcome are available.
Record updated Sept. 4, 2026
Current ownership
Current owner not established
This record does not identify a current owner. That absence is a gap in the record, not a conclusion about ownership.
1 ownership record has an unresolved current/former status.
Ownership and transaction history
Chronology from recorded ownership periods, transactions and reviewed outcome events. Event order does not imply causation.
Date not recorded
What happened under and after ownership
Operating outcome
Operating through distress or restructuring
Filed Chapter 11 on March 26, 2025, immediately closing 13 corporate locations after falling from 66 units in 2023 to 48 at filing, citing rising food and labor costs. Dallas-based Sun Holdings, led by Guillermo Perales, bought the chain out of bankruptcy in October 2025 with 39 locations remaining.
Sold out of bankruptcy to Sun Holdings, a Dallas multi-concept restaurant operator, in October 2025, ending Sun Capital Partners' investment dating back to 2010.
- Founded
- 1990
- Sponsor at closure
- Sun Capital Partners
- Cause
- Debt left at exit
- Wikipedia · founded 1990; Sun Capital major investor since June 2010; January 2020 Chapter 11 (38 closures) and March 26, 2025 Chapter 11 (13 corporate closures)
- Nation's Restaurant News · 2025 · March 26, 2025 Chapter 11 filing; dropped from 66 locations at year-end 2023 to 48 at filing; assets of $1-10 million vs liabilities of $50-100 million; US Food
- Nation's Restaurant News · 2025 · Sun Holdings, a Dallas-based operator led by Guillermo Perales, purchased Bar Louie out of bankruptcy in October 2025; chain had 39 locations at acquisition, do
What we do not know
These are gaps in the public record, not findings about the organization.
- No current public ownership assessment has been published.
Help improve this record
Firsthand experience, public sources and corrections can help close the gaps above.