M&A Deal Summary

Xperience Restaurant Group Acquires Rio Mambo Tex Mex y Mas

On March 7, 2023, Xperience Restaurant Group acquired restaurant Rio Mambo Tex Mex y Mas

Acquisition Highlights
  • This is Xperience Restaurant Group’s 2nd transaction in the Restaurants sector.
  • This is Xperience Restaurant Group’s 2nd transaction in the United States.
  • This is Xperience Restaurant Group’s 1st transaction in Texas.

M&A Deal Summary

Date 2023-03-07
Target Rio Mambo Tex Mex y Mas
Sector Restaurants
Buyer(s) Xperience Restaurant Group
Deal Type Add-on Acquisition
Advisor(s) Generational Equity LLC (Financial)

Target

Rio Mambo Tex Mex y Mas

Colleyville, Texas, United States
website
Rio Mambo Tex Mex y Mas is a collection of six restaurants, across two restaurant concepts, in Fort Worth, Texas, and surrounding areas. With four separate locations, it provides an ingredient-driven menu in a contemporary setting. THE RIM scratch craft eats serves ‘food with soul, and a side of vibe’ and features an eclectic interior and great music. Rio Mambo Tex Mex y Mas is based in Colleyville, Texas.

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Buyer(S) 1

Buyer

Xperience Restaurant Group

Cypress, California, United States

website


Category Company
Founded 1954
Sector Restaurants
DESCRIPTION

Xperience Restaurant Group is an operator of casual and fine dining brands. The Company operates four primary concepts, El Torito, El Torito Grill, Chevys Fresh Mex and Acapulco, offering a variety of traditional, innovative and authentic Mexican dishes. Xperience Restaurant Group was founded in 1954and is based in Cypress, California.


DEAL STATS #
Overall 2 of 2
Sector (Restaurants) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-26 SOL Mexican Cocina

Newport Beach, California, United States

SOL Mexican Cocina is an owns and operator of restaruants with Fresh, savory and healthy coastal Mexican cooking paired with over 100 types of tequila and fine mezcals, offered in a lively setting of modern Mexican design. SOL Mexican Cocina was founded in 2009 and is based in Newport Beach, California.

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