M&A Deal Summary

Brinker International Acquires Pepper Dining

On June 25, 2015, Brinker International acquired restaurant Pepper Dining from Olympus Partners for 107M USD

Acquisition Highlights
  • This is Brinker International’s 3rd transaction in the Restaurants sector.
  • This is Brinker International’s largest (disclosed) transaction.
  • This is Brinker International’s 2nd transaction in the United States.
  • This is Brinker International’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2015-06-25
Target Pepper Dining
Sector Restaurants
Buyer(s) Brinker International
Sellers(s) Olympus Partners
Deal Type Add-on Acquisition
Deal Value 107M USD

Target

Pepper Dining

Charlotte, North Carolina, United States
Pepper Dining Dining is a leading franchisee of Chili's Grill and Bar restaurants. The company operates over 90 restaurants in the Northeastern and mid-Atlantic region.

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Buyer(S) 1

Buyer

Brinker International

Dallas, Texas, United States

website

Category Company
Founded 1975
Sector Restaurants
Employees62,025
Revenue 3.8B USD (2022)
DESCRIPTION
Entrance to Brinker's corporate headquarters in Dallas, Texas.
Entrance to Brinker's corporate headquarters in Dallas, Texas.

Brinker International is a casual dining restaurant company. Brinker owns, develops, operates, and franchises full-service casual dining restaurants under the Chili?s Grill & Bar and Maggiano?s Little Italy brands primarily in the United States. Brinker International was incorporated in 1983 and is based in Dallas, Texas.

DEAL STATS #
Overall 3 of 3
Sector (Restaurants) 3 of 3
Type (Add-on Acquisition) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 2 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-21 Speedy Creek - 11 Existing Chili Restaurants

Alberta, Canada

Speedy Creek - 11 Existing Chili Restaurants, comprises 11 Chili's restaurant.

Buy -

Seller(S) 1

SELLER

Olympus Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 8.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Olympus Partners is a private equity group focused on investing in growth companies with strong management, and positions in their respective markets. The Firm will consider both venture capital and private equity investments and looks to commit $50 to $300 million per transaction. The Firm focuses its investment activities within the business services, healthcare, financial services, consumer, restaurant, software/IT services, and logistics/transportation industries. Olympus Partners was formed in 1988 and is based in Stamford Connecticut.

DEAL STATS #
Overall 29 of 46
Sector (Restaurants) 1 of 2
Type (Add-on Acquisition) 14 of 22
State (North Carolina) 1 of 2
Country (United States) 26 of 43
Year (2015) 2 of 7
Size (of disclosed) 12 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-10 Shemin Nurseries

Windsor, Connecticut, United States

Shemin Nurseries, Inc. (dba Shemin Landscape Supply) is a distributor and wholesaler of horticultural and landscape products to landscape professionals. It offers nursery stock ranging from woody ornamentals to annuals, perennials, specimens, and groundcovers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-31 PLZ Aeroscience

Downers Grove, Illinois, United States

PLZ Aeroscience is a specialty aerosol product manufacturing company. It specializes in the development, manufacturing, packaging, and distribution of a comprehensive line of contract fill, brand, and private label products. PLZ Aeroscience was established in 1939 and is based in Downers Grove, Illinois.

Sell -
Mergr

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