Bob Evans CEO: Restaurants will remain open

Though Bob Evans has sold of all its restaurant locations, customers won't see their neighborhood restaurant close anytime soon, according to the company CEO.

Bob Evans Restaurants announced it has sold all of its restaurant locations to a private equity firm for $565 million on Tuesday evening. Golden Gate Capital has bought the restaurant chain, and will retain the Bob Evans leadership team to guide the transition as it takes part of the company private, the company said.