The move brings nearly 600 locations to Yadav Enterprises.
By Andrew Carlo
Jack in the Box reported that it has closed on its sale of Del Taco Holdings, Inc.
The food and beverage brand said that it sold the Del Taco brand to Yadav Enterprises Inc. for approximately $119 million. Jack in the Box acquired Del Taco in March 2022 for about $585 million.
Based in Lake Forest, California, Del Taco has close to 600 locations in 18 states. Jack in the Box received $110 million cash along with $10 million in the form of a 21-day promissory note.
Yadav Enterprises operates more than 310 franchise restaurants including Jack in the Box, Denny’s, and TGI Friday’s, and owns the Taco Cabana brand, a fast-casual, Tex-Mex restaurant chain consisting of 150 locations, and Nick the Greek, a fast-casual, Greek restaurant chain with 90 locations.
According to Jack in the Box, the sale was conducted so the brand could “shift toward a simpler, asset-light business model.” As of May 2025, the Jack in the Box brand consisted of more than 2,100 locations with 2,040 being operated by franchisees. Jack in the Box is based in San Diego.
In a prepared statement following the sale, Jack in the Box CEO Lance Tucker said, “Our sale of Del Taco represents meaningful progress in simplifying our business model and reducing our debt. We remain committed to elevating the Jack in the Box brand and improving operational performance to drive sustainable, long-term growth and create value for our shareholders. We appreciate the Yadav team’s partnership during this transition and wish the Del Taco brand well in their next chapter.”
Yadav Enterprises leadership said the acquisition represents the next stage of growth for Del Taco.
“For more than five decades, Del Taco has been a beloved restaurant chain supported by loyal guests who have fueled a special and unique culture that continues to set the brand apart,” said Anil Yadav, CEO of Yadav Enterprises. “Our recent acquisition of the Del Taco brand aligns perfectly with our long-term growth vision, and we are excited to support the next Del Taco evolution, while honoring the amazing legacy that has defined the brand for more than a half-century.”
“I started my restaurant journey as a teenage fry cook at Jack in the Box, worked my way through the system, and eventually became a franchisee – learning valuable lessons along the way that have served me well as both franchisee and franchisor, and will continue to do so as we officially initiate operations for Del Taco,” added Yadav. “With a unique perspective working on both sides of the business, along with tremendous admiration for franchisees, I am enthusiastic by the opportunity this venerable brand presents and optimistic about the bright future ahead for Del Taco and its franchise partners.”
BofA Securities Inc. served as exclusive financial advisor to the Company, and Sullivan & Cromwell LLP served as its legal counsel in connection with this transaction. Yadav Enterprises Inc. was represented in this transaction by its General Counsel Steven M. Kries and advised by Baker Tilly.
