Rubio’s completes $91M sale of company to private investment firm Mill Road Capital

Rubio’s completes sale to private investment firm

CARLSBAD, Calif. — Rubio’s Restaurants Inc. said Tuesday that its purchase by private investment firm Mill Road Capital LP has been completed.

Mill Road had said in May that it would buy the owner of Fresh Mexican Grill for about $91 million.

Under the deal, Rubio’s shareholders received $8.70 per share in cash.

Rubio’s founder, Ralph Rubio, holds a stake in the now-privately held company and will remain on its board, the company said.

Rubio’s said in October that it was looking into its strategic options, including a potential sale of the company.