M&A Deal Summary

Graham Holdings Acquires Clyde’s Restaurant Group

On July 31, 2019, Graham Holdings acquired restaurant Clyde’s Restaurant Group

Acquisition Highlights
  • This is Graham Holdings’ 1st transaction in the Restaurants sector.
  • This is Graham Holdings’ 12th transaction in the United States.
  • This is Graham Holdings’ 1st transaction in District of Columbia.

M&A Deal Summary
Date 2019-07-31
Target Clyde’s Restaurant Group
Sector Restaurants
Buyer(s) Graham Holdings
Deal Type Add-on Acquisition

Target

Clyde’s Restaurant Group

Washington, District of Columbia, United States
Clyde’s Restaurant Group provides thirteen restaurants and entertainment venues including eight Clyde’s locations, Old Ebbitt Grill, The Hamilton, 1789 Restaurant, The Soundry, and The Tombs. Clyde’s Restaurant Group was founded in 1963 and is based in Washington, District of Columbia.

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Buyer(S) 1

Buyer

Graham Holdings

Arlington, Virginia, United States
Category Company
Founded 1877
Sector Diversified
Employees14,110
Revenue 4.4B USD (2023)
DESCRIPTION

Graham Holdings is a diversified education and media company whose principal operations include educational services; television broadcasting; online, print and local TV news; home health and hospice care; and custom manufacturing. The Company owns Kaplan, a leading global provider of educational services; Graham Media Group (WDIV–Detroit, KPRC–Houston, WKMG–Orlando, KSAT–San Antonio, WJXT–Jacksonville); The Slate Group (Slate and Panoply); and Foreign Policy. The Company also owns Trove, a social news aggregator; SocialCode, a leading social marketing solutions company; Celtic Healthcare and Residential Healthcare Group, home health and hospice providers; Joyce/Dayton Corp., a manufacturer of screw jacks, linear actuators and lifting systems; and Forney Corporation, a manufacturer of burners, igniters, dampers and controls for combustion processes in electric utility and industrial applications. Graham Holdings was founded in 1877 and is based in Arlington, Virginia.

DEAL STATS #
Overall 12 of 15
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 7 of 9
State (District of Columbia) 1 of 2
Country (United States) 12 of 15
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-31 Ourisman Honda of Tysons Corner

Vienna, Virginia, United States

Ourisman Honda of Tysons Corner provides service, quality, and everything in between to Honda Drivers from Vienna.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-15 Framebridge

Washington, District of Columbia, United States

Framebridge is a custom framing service company. Framebridge allows customers to upload photography or mail-in art to be framed. Framebridge was founded in 2014 and is based in Washington, District of Columbia.

Buy -
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