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They did not give specifics, and declined to take questions after the conference call.Levy said Del Taco falls into the 鈥渃enter of our bullseye鈥?with its 50-year history of serving inexpensive made-to-order foods.鈥淵ou can鈥檛 beat Del Taco food, which is fresh and high quality,鈥?Levy said. 鈥淲e鈥檙e are buying an iconic restaurant company at a very good price.鈥滾evy Acquisition Corp. is a family-run firm known on Wall Street as a 鈥渂lank check company,鈥?formed to pool funds to finance mergers. When the Del Taco sale closes in June, Levy Acquisition 鈥?a publicly-traded company 鈥?will change its name Del Taco Restaurants Inc. Del Taco will convert to a publicly traded company and trade under the NASDAQ ticker, LEVY.Del Taco鈥檚 headquarters will remain in Lake Forest. Paul Murphy will continue to run the chain as chief executive.Murphy and other Del Taco executives said Del Taco has focused the last two years marketing the brand鈥檚 fresh fast-food menu. 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Levy will become chairman of the board and will work with Del Taco management to oversee the company鈥檚 growth.Despite Levy鈥檚 vast hospitality experience, restaurant strategist Dennis Lombardi pointed out he has never operated a food chain the size of Del Taco, which has 550 restaurants in 16 states.鈥淭hey certainly have limited service experience, but nothing like having a 500 plus West Coast QSR (quick service restaurant) chain,鈥?said Lombardi, of WD Partners in Ohio. 鈥淚f it is not completely new to them, in terms of service mode and cuisine, it is new to them in scale of operations.鈥漈alks of a Del Taco sale, which has had a series of different owners over the past decade, have been rumored for months.Del Taco is the third largest Mexican fast-food chain in the nation, in terms of sales, according to Technomic, a restaurant consulting firm. Irvine-based Taco Bell and Chiptole rank No. 1 and 2, with highersales.Murphy said company-owned stores have posted 10 consecutive quarters of positive same-store sales, driven in part by 鈥渂alanced traffic and check growth.鈥?Same-store sales are an indicator of a restaurant鈥檚 financial health. Del Taco posted sales of $656.1 million in 2014, a 5.4 percent increase from 2013.Levy grew a single Chicago delicatessen into an international food service company that generated over $1 billion in revenue. He sold Levy Restaurants in two stages, in 2000 and 2006.Ed Hackbarth and David Jameson founded the first Del Taco in Yermo. The menu featured 19-cent tacos and 24-cent burgers. Roughly 300 of Del Taco鈥檚 550 locations are company owned. 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