Canada Markets closed

Cara Operations to acquire The Keg for $200 million

(The Keg Steakhouse + Bar / Facebook)

Cara Operations, owner of popular restaurant chains like Swiss Chalet, Harvey’s and Milestones, is set to add The Keg to its roster.

The Keg restaurants are owned by Vancouver-based Keg Restaurants Ltd. The deal is worth $200 million.

According to a press release, the 106 Keg locations will bring Cara’s total number of restaurants to 1,365.