M&A Deal Summary

Landry s Acquires Ignite Restaurant Group

On January 1, 1994, Landry's, Inc. acquired restaurants company Ignite Restaurant Group, Inc.

Acquisition Highlights
  • This is Landry s’ 1st transaction in the Restaurants sector.
  • This is Landry s’ 1st transaction in the United States.
  • This is Landry s’ 1st transaction in Texas.
Investment Fate
  • Ignite Restaurant Group was divested to a financial buyer in 2006.
  • Ignite Restaurant Group was sold to a strategic buyer in 2017 for 57M USD.

M&A Deal Summary

Date 1994-01-01
Target Ignite Restaurant Group, Inc.
Sector Restaurants
Buyer(s) Landry's, Inc.
Deal Type Add-on Acquisition

Target

Ignite Restaurant Group, Inc.

Houston, Texas, United States
website
Ignite Restaurant Group, Inc. owns and operates three restaurant businesses, Joe's Crab Shack, Romano's Macaroni Grill and Brick House Tavern+Tap.

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Buyer(S) 1

Buyer

Landry's, Inc.

Houston, Texas, United States

website


Category Company
Founded 1980
SectorRestaurants
DESCRIPTION

Landry’s, Inc. is a multinational, diversified restaurant, hospitality, gaming and entertainment company based in Houston, Texas. The company operates more than 500 high-end and casual dining establishments around the world, including well-known concepts such as Landry’s Seafood, Bubba Gump Shrimp Co., Rainforest Cafe, Morton’s The Steakhouse, The Oceanaire, McCormick & Schmick’s Seafood, Chart House, Saltgrass Steak House, Claim Jumper and Mastro’s Restaurants. Landry’s also operates a group of signature restaurants, including Vic & Anthony's, Grotto, Willie G's and others.


DEAL STATS #
Overall 1 of 10
Sector (Restaurants) 1 of 9
Type (Add-on Acquisition) 1 of 5
State (Texas) 1 of 2
Country (United States) 1 of 10
Year (1994) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-04 Golden Nugget Casino - Downtown

Las Vegas, Nevada, United States

Golden Nugget Casino provides casino services in Las vegas.

Buy $140M