Family-run Lazy Dog Restaurant & Bar got a considerable investment from consumer-focused equity firm Brentwood Associates. The new partnership seeks to develop the Lazy Dog brand as the country's top casual dining restaurant.

Financial details about the transaction were not revealed though. However, a company statement said Lazy Dog's founder and CEO Chris Simms will still lead the company's current management team. He will also retain significant stake in the company.

Lazy Dog is a popular West Coast restaurant. It offers eclectic menu involving unforgettable family favorites but recreated with bold new flavors. It opened its first location in 2003 at the Huntington Beach area and now has 12 sites across Southern California.

"As we celebrate our 10th anniversary this August, we are pleased to have found a partner that shares our passion for hospitality and can support our continued expansion of the concept," Simms said. "Brentwood's experience growing leading national brands and restaurants will be invaluable as we look toward the future."