M&A Deal Summary

Landry s Acquires Restaurants Unlimited

On September 25, 2019, Landry s acquired restaurant Restaurants Unlimited for 37M USD

Acquisition Highlights
  • This is Landry s’ 9th transaction in the Restaurants sector.
  • This is Landry s’ 4th largest (disclosed) transaction.
  • This is Landry s’ 10th transaction in the United States.
  • This is Landry s’ 1st transaction in Washington.

M&A Deal Summary
Date 2019-09-25
Target Restaurants Unlimited
Sector Restaurants
Buyer(s) Landry s
Deal Type Special Situations/Distressed
Deal Value 37M USD

Target

Restaurants Unlimited

Seattle, Washington, United States
website
Restaurants Unlimited operates 46 restaurants in twelve states including 15 Kincaid’s – an American Fish, Chop, and Steakhouse; 8 Newport’s – a Seafood Grill, 9 Palomino’s - an upbeat city restaurant and bar famous for its European-inspired American cuisine; 9 Stanford’s – an upscale casual restaurant featuring grilled steaks, chicken and seafood; 3 Pizzeria Fondi’s; and nine other specialty brands such as Portland City Grill, Henry’s Tavern, Palisade, Cutters Bayhouse, Scott’s, and Ryan’s Grill.

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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 10 of 10
Sector (Restaurants) 9 of 9
Type (Special Situations/Distressed) 2 of 2
State (Washington) 1 of 1
Country (United States) 10 of 10
Year (2019) 3 of 3
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-25 Double Eagle Steak House

Dunwoody, Georgia, United States

Double Eagle Steak House is one of the best restaurants in Atlanta. At the forefront of the new Park Center development at the intersection of Hammond Drive and Perimeter Center Parkway, Double Eagle Steak House restaurant is located near Atlanta’s Perimeter Mall. With sleek architecture, modern design, a floating wine cellar, and spacious private rooms, you’ll enjoy a traditional steakhouse dining experience in an elevated atmosphere.

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