BEAVERTON — The parent company of Shari’s restaurants, Gather Holdings LLC, announced Tuesday, June 20, a deal to boost the company’s 42 Oregon-based restaurants.

The first Shari’s restaurant opened in 1978 in Hermiston. Pendleton also has a Shari’s.

The Shari’s Cafe & Pies in Walla Walla, Kennewick and Union Gap, Washington, all closed this year.

Gather Holdings reported affiliates of MGG Investment Group LP made the investment but did not disclose financial terms of the deal.

“We are pleased to have found a supportive partner in MGG, which recognizes the significant value of our Oregon-based portfolio of Shari’s Restaurants,” said Sam Borgese, owner of Gather Holdings. “MGG has deep knowledge of video lottery gaming operations, which are present in our 42 Oregon restaurants, and we look forward to leveraging their expertise as we continue to provide the delicious meals and entertainment our loyal customers expect.”

Dale Stohr, a managing director at MGG, stated, “As a capital partner of choice to entrepreneurs, we are pleased to provide Sam and his team with the resources to drive future growth in Gather’s Oregon portfolio of Shari’s Restaurants.”

Borgese added the infusion of capital ensures the restaurants can continue their recoveries from the challenges of the coronavirus pandemic.