A deal involving an iconic American breakfast chain is complete.

Denny’s confirmed its sale to private equity and investment groups TriArtisan Capital Advisors and Treville Capital Group and Yadav Enterprises one of Denny’s largest franchisees.

“Our dedication to supporting franchisees and commitment to serving our guests remain the same. We are grateful for the hard work of our employees and franchisees who represent our restaurants with pride every day. With the support of our new owners, we look forward to continuing to serve and delight guests across the nation,” said Kelli Valade, Chief Executive Officer of Denny’s Corporation.

The deal, valued at some $620 million, was first announced in November 2025. It came after Denny’s closed 150 of its lowest-performing locations. At the time, the company said most of the locations that were closed were too old to be remodeled or were located in unprofitable areas.

Denny’s has 1,537 restaurants, 1,452 of which are franchisees and licensed restaurants and 85 of which are company-operated. Those numbers make Denny’s one of the largest full-service restaurants in the U.S.

Denny’s was founded in Lakewood, California in 1953 as a doughnut shop. It’s name was changed to Denny’s Coffee Shops in 1959 and later shortened to just Denny’s.

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