M&A Deal Summary

Landry s Acquires Joe s Crab Shack

On January 1, 1994, Landry s acquired restaurant Joe s Crab Shack

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
  • Joe s Crab Shack was divested to a consortium of buyers in 2006.
  • Joe s Crab Shack went bankrupt in 2017.
  • Joe s Crab Shack was sold to a strategic buyer in 2017 for 57M USD.

M&A Deal Summary

Date 1994-01-01
Target Joe s Crab Shack
Sector Restaurants
Buyer(s) Landry s
Deal Type Add-on Acquisition

Target

Joe s Crab Shack

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

Houston, Texas, United States

website


Category Company
Founded 1980
Sector Restaurants
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