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St. Louis-based Red Lion Beef Corp., parent to the 23-unit Lion's Choice restaurant chain, was sold this week to two private equity groups, including one headed by company executive Mark Disper.
Disper, through his investment fund Black Rock Holdings LLC and St. Louis-based Millstone Capital Advisors, purchased the assets of Red Lion. Terms of the deal were not disclosed.
The new operating company, LC Corporate LLC, is headed by Disper as president and chief executive. Millstone Capital Advisor's principals, Bob Millstone and Fred Flegel, serve with Disper on...