M&A Deal Summary

Jack in the Box Acquires Del Taco

On December 6, 2021, Jack in the Box, Inc. acquired restaurants company Del Taco LLC for 575M USD

Acquisition Highlights
  • This is Jack in the Box’s 2nd transaction in the Restaurants sector.
  • This is Jack in the Box’s 1st largest (disclosed) transaction.
  • This is Jack in the Box’s 2nd transaction in the United States.
  • This is Jack in the Box’s 2nd transaction in California.

M&A Deal Summary

Date 2021-12-06
Target Del Taco LLC
Sector Restaurants
Buyer(s) Jack in the Box, Inc.
Deal Type Add-on Acquisition
Deal Value 575M USD
Advisor(s) Piper Sandler & Co. (Financial)
McDermott Will & Emery LLP (Legal)

Target

Del Taco LLC

Lake Forest, California, United States
website
Del Taco offers a unique variety of both Mexican and American favorites such as burritos and fries, prepared fresh in every restaurant's working kitchen with the value and convenience of a drive-thru. Del Taco's menu items taste better because they are made with quality ingredients like freshly grilled chicken and carne asada steak, fresh house-made guacamole, freshly grated cheddar cheese, slow-cooked beans made from scratch, and creamy Queso Blanco. It serves more than three million guests each week at its approximately 600 restaurants across 16 states. Del Taco’s commitment to providing guests with the best quality and value for their money originates from cooking, chopping, shredding, and grilling menu items from scratch. Del Taco was founded in 1964 and is based in Lake Forest, California.

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Buyer(S) 1

Buyer

Jack in the Box, Inc.

San Diego, California, United States

website


Category Company
Founded 1951
SectorRestaurants
Employees2,605
Revenue 1.1B USD (2021)
DESCRIPTION
Entrance to Jack in the Box's corporate headquarters in San Diego, California.
Entrance to Jack in the Box's corporate headquarters in San Diego, California.

Jack is a restaurant company that operates and franchises Jack in the Box restaurants. Jack was formed in 1951 and is based in San Diego, California.


DEAL STATS #
Overall 2 of 2
Sector (Restaurants) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (California) 2 of 2
Country (United States) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-19 Qdoba Restaurant Corp.

San Diego, California, United States

Qdoba Restaurant operates and franchises fast-casual Mexican restaurants under the name Qdoba Mexican Grill. Qdoba Mexican Grill combines fresh ingredients with an innovative combination of sauces and marinades to create non-traditional, fast-casual Mexican fare. Qdoba Restaurant was founded in 1995 and is based in San Diego, California.

Sell $305M