Taco Bueno has hired an advisory firm for its rumored sale by owner Palladium Equity Partners. According to Reuters, the Mexican QSR is expected to be worth about $175 million.
North Point Advisors was hired by Taco Bueno for the consultation.
The Reuters story reports that private equity firm Palladium Equity Partners has tried to sell the company twice before, but was unsuccessful.
Taco Bueno has more than 190 restaurant locations throughout Texas, Oklahoma, Louisiana, Arkansas, Kansas, Missouri and New Mexico.
According to Technomic, the chain made $201.5 million in 2011, down 0.5 percent from 2010.
Palladium completed its acquisition of the chain in 2005.