Illinois Pizza Chain Was Just Suddenly Saved from Bankruptcy?

Well, that was a close one. After recent reports that a pizza chain with 22 locations in Illinois was nearing bankruptcy, they suddenly appear to be saved by a sale at the last possible moment.

It was just days ago when I shared the news that a pizza brand with 22 locations in the Land of Lincoln was exploring bankruptcy options. Now, it appears they have been saved by a last-minute deal with another brand. The Nation's Restaurant News is now reporting that Mod Pizza has agreed to a sale to the Elite Restaurant Group.

This is great news for Illinoisans that enjoy Mod pizza as these locations will now apparently retain their services:

• Algonquin
• Bloomingdale
• Bolingbrook
• Buffalo Grove
• Carbondale
• Downers Grove
• Edwardsville
• Elgin
• Evanston
• Gurnee
• Kildeer
• Machesney Park
• Mount Prospect
• Naperville
• New Lenox
• Rockford
• Schaumburg
• St. Charles
• Vernon Hills
• Waukegan
• Willowbrook

The Elite Restaurant Group said in the report they "recognize the inherent value this represents and look forward to helping MOD write the next chapter in its history." Let's hope that means not closing Illinois locations and helping them figure out how to make this pizza place with a big footprint here into a growing brand again.