Morton’s Restaurant Group Inc., which has steakhouses in downtown Hartford and Stamford, is considering a possible sale of the company, The Associated Press reports.
The steakhouse operator said Wednesday that it is exploring its strategic options and has the support of its two biggest stockholders, affiliates of Castle Harlan Inc. and Laurel Crown Partners LLC.
Morton’s said it has no set timetable for the process and that there is no guarantee that any transaction will occur.
The Chicago company has hired Jefferies & Co. to assist with the process.
Last month Morton’s posted a fourth-quarter profit as an improvement in business travel and convention attendance helped boost sales at its steakhouses.
Morton’s owns and runs 77 Morton’s steakhouses in 26 states, Puerto Rico and six international locations as well as its Italian restaurant Trevi in Las Vegas.
