CB Holding Corp. Engages Raymond James to Explore Strategic Alternatives for its Bugaboo Creek Steak House Brand
CB Holding Corp., parent company of Charlie Browns Steakhouse, Bugaboo Creek Steak House and The Office Beer Bar & Grill restaurants, today announced its engagement of investment banking firm Raymond James to assist it in its evaluation of strategic alternatives for its Bugaboo Creek Steak House brand. Bugaboo Creek Steak House was acquired in 2007 by CB Holding Corp.
“Bugaboo Creek Steak House, with its high standard of affordable hospitality and entertaining experiences, holds a unique and compelling position in the casual dining restaurant category. We remain passionately committed to our valued Bugaboo Creek Steak House customers and our restaurant employees while we evaluate the best strategic plans for the brand,” said Sam Borgese, president and CEO of CB Holding Corp.
Bugaboo Creek Steak House serves more than 3.5 million guests each year at its interactive and charming lodge setting restaurants. The brand consists of 30 restaurant units along the eastern seaboard and employs 1840 people.
CB Holding Corp. operates Charlie Brown’s Steakhouse, Bugaboo Creek Steak House and The Office Beer Bar & Grill. With over 40 years of experience, Charlie Brown's Steakhouse has 49 locations throughout New York, New Jersey and Pennsylvania that offer prime rib, high-quality steaks and an unlimited Farmer's Market Salad Bar™. With 30 locations along the eastern seaboard, Bugaboo Creek Steak House offers delicious steaks and roasted prime rib in a mountain lodge setting. The Office Beer Bar & Grill, with seven locations in New Jersey, features over 60 bottled beers, classic pub appetizers, pizzas, and seasonal draft beer selections.
