Jack in the Box To Sell Del Taco for $115M

Jack in the Box announced today, Oct. 16, that it has entered a definitive agreement to sell Del Taco Holdings—comprising 550 units across 18 states—to Yadav Enterprises for $115 million in cash.

The transaction is expected to close by January 2026.

The move is part of the company’s “Jack on Track” plan announced in April, as it looks to strengthen its balance sheet and return to a “simpler, asset-light business model.”

“This divestiture is an important step in returning to simplicity, and we look forward to focusing on our core Jack in the Box brand,” says Lance Tucker, chief executive officer of Jack in the Box, in the release. “After a robust process, we are confident we have entered into a transaction with the right steward for Del Taco in its next chapter of evolution. We wish Del Taco success as they enter this next chapter.”

Jack in the Box says it expects to use net cash proceeds, after taxes and transaction costs, to retire debt within its securitization structure.