Landry s - M&A Summary and Business Overview

RestaurantsCompany

Landry s M&A Summary

Landry s has acquired 10 companies, including 3 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

Landry s’ largest acquisition to date was in 2005, when it acquired Golden Nugget Casino - Downtown for $140M. Landry s has acquired in 8 different US states. The Company’s most targeted sectors include restaurants (90%) and leisure (10%).

Landry s Business Overview

Where is Landry s headquartered?

Landry s is headquartered in Houston, Texas.

What sector is Landry s in?

Landry s is a restaurants company.

When was Landry s founded?

Landry s was founded in 1980.

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity10
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 3

Landry's, Inc.

1510 W. Loop South,
Houston, Texas 77027
United States,
(713)850-1010
www.landrysinc.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 10 - - - - - 10
vol $351M $351M
Sell (0.0/yr) # 1 - - - - - 1
  11

Most Recent M&A

Company Date Value Type
Double Eagle Steak House 2019-09-25 - Divestiture
Dunwoody, Georgia · www.delfriscos.com
Del Frisco's Grilles 2019-09-25 - Divestiture
New York, New York · www.delfriscosgrille.com
Restaurants Unlimited, Inc. 2019-09-25 37M USD Special Situations/Distressed
Seattle, Washington · www.r-u-i.com
Ignite Restaurant Group, Inc. 2017-08-09 57M USD Special Situations/Distressed
Houston, Texas · www.igniterestaurants.com
Mastro's Restaurants LLC 2013-06-04 - Add-on Acquisition
Woodland Hills, California · www.mastrosrestaurants.com
Morton's Restaurant Group, Inc. 2011-12-16 117M USD Add-on Acquisition
Chicago, Illinois · www.mortons.com
Bubba Gump Shrimp Co., Inc. 2010-11-09 - Add-on Acquisition
San Clemente, California · www.bubbagump.com
The Oceanaire, Inc. 2010-04-30 - Add-on Acquisition
Minneapolis, Minnesota · www.theoceanaire.com
Ignite Restaurant Group, Inc. 2006-10-11 - Divestiture
Houston, Texas · www.igniterestaurants.com
Golden Nugget Casino - Downtown 2005-02-04 140M USD Divestiture
Las Vegas, Nevada
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Restaurants 9 (90%) 211M (60%) 1 (100%) -
Leisure 1 (10%) 140M (40%) - -
Total 10 $351M 1 -

By Geo

State/Country Buy Value Sell Value
United States 10 351M 1 -
  Texas 2 57M 1 -
  California 2 - - -
  Washington 1 37M - -
  New York 1 - - -
  Nevada 1 140M - -
  Minnesota 1 - - -
  Illinois 1 117M - -
  Georgia 1 - - -
Total 10 $351M 1 -

Top M&A Advisors

Financial Deals
North Point Advisors LLC
3
Jefferies
2
Deutsche Bank Corporate & Investment Banking
2

Deal Values

buy # Total
$100M to $1B 2 $257M
< $100M 2 $94M
TOTAL $351M
Largest Golden Nugget Casino - Downtown
$140M (2005-02-04)

M&A Connections

Deals
Acquired from
Investor(s)
10%
1 (10%)
Strategic(s)
30%
3 (30%)
Divested to
Investor(s)
100%
1 (100%)

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