New York--American Securities Capital Partners LP agreed to sell the 328-unit El Pollo Loco chain, based in Irvine, Calif., to private asset management firm Trimaran Capital Partners, based here.(JUST IN)(Brief Article)

NEW YORK -- AMERICAN SECURITIES CAPITAL PARTNERS LP agreed to sell the 328-unit EL POLLO LOCO chain, based in Irvine, Calif., to private asset management firm TRIMARAN CAPITAL PARTNERS, based here. Terms of the deal, which is expected to close in the fourth quarter, were not initially disclosed. GLENN KAUFMAN, American Securities' managing director, said El Pollo Loco had evolved into a "best-in-class" business since his company and the chain's management acquired it in 1999 from the old Advantica Restaurant Group. At that time, however, Kaufman had said El Pollo Loco was "a struggling company with a poor corporate parent …