Logan’s Roadhouse was founded in 1991 in Lexington, Kentucky. The company operates a chain of steak restaurants with retro-themed dining areas. The company is well known for using local artists to decorate their walls and for offering buckets full of peanuts as appetizers.
The company has been sold several times, most recently in 2010 to Kelso and Company, a private equity firm. As of August of 2016, there were 230 company owned restaurants and 26 franchise operations.
In August of 2016, the company announced that it would be filing for bankruptcy and closing 18 underperforming locations. Company spokespersons have stated that the company has had lackluster sales and mounting debt that made reorganization necessary.