Benzinga | Jun 25, 2021 10:15AM EDT

BBQ To Acquire Village Inn And Bakers Square For Undisclosed Sum

* BBQ Holdings Inc (NASDAQ:BBQ) has agreed to buy Village Inn, a family restaurant concept with 21 company-owned restaurants and 114 franchised restaurants, and Bakers square, a pie and comfort food concept currently with 13 company-owned restaurants.

* The terms of the deal were not disclosed.

* The transaction is expected to close by the end of July.

* "We believe the Village Inn and Bakers Square concepts are a great complement to our growing portfolio of restaurants," said Jeff Crivello, Chief Executive Officer, BBQ.

* BBQ has cash and equivalents of $21.2 million as of March 31, 2021.

* Price action: BBQ shares are trading higher by 5.92% at $17.17 on the last check Friday.