The partners behind popular restaurants including Mussel & Burger Bar and El Taco Luchador have reeled in a Kentucky investment group to help build their restaurant concepts.
Fernando, Christina and Yaniel Martinez, along with Rick Moir, make up the partnership behind Olé Restaurant Group, which currently operates six restaurant concepts in Louisville and has a seventh in the works. The restaurant company has become well-known for its high-quality eateries around town, and Fernando Martinez told Insider Louisville previously that he and his partners don’t have any plans to slow down.
Olé Restaurant Group has now taken a strategic step toward future growth by partnering with Bluegrass Capital Advisors.
“Olé Restaurant Group continues to expand to bring more chef-driven restaurants to our loyal customers. In order to be well-positioned for future growth, the company partnered with Bluegrass Capital and is in the process of expanding operational infrastructure,” Tyler Glick, spokesman for Olé Restaurant Group, said in an emailed statement.
Insider reached out to Bluegrass Capital Friday but did not immediately hear back.
A partnership like the one with Bluegrass Capital will provide Olé Restaurant Group with the capital it needs to expand its existing restaurant concepts and possibly open new ones.
About a year ago, Fernando Martinez told Insider that fast-casual taco joint El Taco Luchador is the future of Olé Restaurant Group. The restaurant company opened its second location in St. Matthews and is expanding its original location on Baxter Avenue; a third El Taco Luchador is in the works in Jeffersontown.
Martinez previously said the company might eventually open El Taco Luchador locations in Prospect and Middletown.“Whatever growth we have, we want it to be organic. We don’t want to rush anything. We want to take our time.”
Olé Restaurant Group also recently partnered with R Place Pub owner Crescent Bride to bring back Joe’s Older Than Dirt, which opened, or rather re-opened, earlier this week.