Carolo completed the investment in Eureka! Restaurant Group.

Mexican restaurant company Carolo completed the investment in Eureka! Restaurant Group, a full-service hamburger restaurant group based in Hawthorne, California. Carolo acquired the ownership in the chain that was previously held by private equity firm KarpReilly. Financial terms were not disclosed. "Carolo is the ideal partner to help us achieve our long-term goal of creating a diversified hospitality platform with Eureka! as the core, while simultaneously leveraging our knowledge, expertise and relationships to expand into opportunistic business ventures. Carolo is a patient investor and embraces our deeply imbedded ‘people first’ culture based on Energy, Discovery, and Community and they are a proven high-touch detail-oriented operator themselves. We are optimistic about the value we can create together in this second decade of Eureka!’s growth story," Justin Nedelman, Eureka CEO and co-founder.