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Macaroni Grill franchisee Waterloo Restaurant Ventures bought four corporate-owned restaurants and plans to develop 11 more through an expanded franchise and development agreement with

Brinker International

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Currently, Waterloo operates five Macaroni Grill restaurants in Oregon, Washington and Idaho.

Vancouver, Wash.-based Waterloo purchased four greater San Francisco-area Macaroni Grill restaurants and is expecting to complete development on 11 more by the end of 2013.

Dallas-based Brinker's domestic and international franchisees have purchased 20 corporately-owned restaurants and signed agreements to develop an additional 115 restaurants over the next 10 years.

This story was created through a joint venture between and IRIS.