GP Investments, a private equity and alternative investment term, will acquire Bravo Brio Restaurant Group Inc. for $100 million. Bravo Brio Restaurant Group owns and operates the BRAVO! Cucina Italiana and BRIO Tuscan Grille restaurant concept.

Bravo Brio Restaurant Group will report annual sales in excess of $400 million for the year ended Dec. 31, 2017, and owns and operates 110 locations in 32 states across the country, per a release announcing the transaction. The deal is expected to close by the end of the second quarter of 2018. At that time, Bravo Brio Restaurant Group will continue to run as an independent company operating from Columbus, Ohio.