Add-on Acquisition • Restaurants

Darden Acquires Chuy s

On October 11, 2024, Darden acquired restaurant Chuy s for 605M USD

Acquisition Context
  • This is Darden’s 5th transaction in the Restaurants sector.
  • This is Darden’s 3rd largest (disclosed) transaction.
  • This is Darden’s 5th transaction in the United States.
  • This is Darden’s 2nd transaction in Texas.

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M&A Deal Summary

Date October 11, 2024
Target Chuy s
Sector Restaurants
Buyer(s) Darden
Deal Type Add-on Acquisition
Deal Value 605M USD

Target Company

Chuy s

Austin, Texas, United States
Chuy's owns and operates 36 full-service restaurants across 8 states serving a distinct menu of authentic, made from scratch Tex Mex inspired dishes. Chuy's was founded in 1982 and is based in Austin, Texas.
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Buyer Overview 1

Buyer

Darden

Orlando, Florida, United States

Category Company
Founded 1968
Sector Restaurants
Employees191,105
Revenue 11.4B USD (2024)
DESCRIPTION
Entrance to Darden's corporate headquarters in Orlando, Florida.
Entrance to Darden's corporate headquarters in Orlando, Florida.

Darden is a large full-service restaurant company that owns and operates more than 2,100 restaurants. Darden is recognized for a culture that rewards caring for and responding to people. Darden's restaurants includes Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V's and Yard House. Darden was formed in 1968 and is based in Orlando, Florida.


Deal Context for Buyer #
Overall 5 of 5
Sector: Restaurants 5 of 5
Type: Add-on Acquisition 5 of 5
State: Texas 2 of 2
Country: United States 5 of 5
Year: 2024 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-03 Ruth s Hospitality Group

Winter Park, Florida, United States

Ruth's Hospitality Group is an American restaurant company that owns and operates several upscale dining establishments across the United States and internationally. The company is best known for its flagship brand, Ruth's Chris Steak House, which specializes in high-quality steaks, seafood, and other classic American fare. With over 150 locations in various countries, Ruth's Hospitality Group has built a reputation for providing a luxurious and welcoming dining experience, with an emphasis on personalized service and attention to detail. In addition to its flagship brand, the company also operates other fine dining concepts, such as Mitchell's Fish Market and Eddie V's Prime Seafood, catering to a diverse range of tastes and preferences. Ruth's Hospitality Group was founded in 1965 and is based in Winter Park, Florida.

Buy $715M