M&A Deal Summary

Landry s Acquires Mastro s Restaurants

On June 4, 2013, Landry s acquired restaurant Mastro s Restaurants from Kinderhook Industries

Acquisition Highlights
  • This is Landry s’ 5th transaction in the Restaurants sector.
  • This is Landry s’ 6th transaction in the United States.
  • This is Landry s’ 2nd transaction in California.

M&A Deal Summary

Date 2013-06-04
Target Mastro s Restaurants
Sector Restaurants
Buyer(s) Landry s
Sellers(s) Kinderhook Industries
Deal Type Add-on Acquisition

Target

Mastro s Restaurants

Woodland Hills, California, United States
website
Mastro's Restaurants LLC owns and operates nine premium fine dining steakhouses and seafood restaurants, comprised of six steakhouse restaurants under the brand name of Mastro’s Steakhouse and three seafood restaurants under the brand name of Mastro’s Ocean Club, in prime locations in Southern California, Arizona, Nevada and Illinois.

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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 6 of 10
Sector (Restaurants) 5 of 9
Type (Add-on Acquisition) 5 of 5
State (California) 2 of 2
Country (United States) 6 of 10
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-16 Morton s Steakhouse

Chicago, Illinois, United States

Morton's Steakhouse is an operator in the upscale steakhouse segment with over 70 restaurants in 26 states in the U.S., Toronto, Canada, San Juan, Puerto Rico, Hong Kong, Shanghai, Singapore, Mexico City and Macau.

Buy $117M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-09 Joe s Crab Shack

Houston, Texas, United States

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

Buy $57M

Seller(S) 1

SELLER

Kinderhook Industries

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2003
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kinderhook Industries targets control investments in companies valued between $25 to $250 million. Prospective transaction situations include acquiring non-core divisions of public companies, existing small capitalization companies lacking institutional support, management buyouts of entrepreneurial-owned businesses, and troubled companies. Sectors of interest include consumer products and services, media, packaging, industrial products, communications, and business services. Kinderhook Industries was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 14 of 40
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 12 of 31
State (California) 2 of 5
Country (United States) 13 of 39
Year (2013) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-04 QCSA Holdings

Eldridge, Iowa, United States

QCSA Holdings, Inc., through its brands, QCSA Direct, Crashed Toys and DVAA, is a remarketer of vehicles including commercial and industrial vehicles, cars, trucks, motorcycles, ATVs, RVs, boats and personal watercraft in the U.S. QCSA Direct is a provider of salvage vehicle auction and related services in the U.S. Salvage auctions act as an intermediary between salvage vehicle suppliers (primarily insurance companies) and salvage vehicle buyers (recyclers, dismantlers, rebuilders, scrap metal producers, etc.).

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-03 GlobalHealth

Oklahoma City, Oklahoma, United States

GlobalHealth is a health maintenance organization (HMO) in Oklahoma, serving over 40,000 members. GlobalHealth is the largest private HMO serving Oklahoma’s state, education and municipal employees.

Buy -