M&A Deal Summary

Jack Acquires Del Taco

On December 6, 2021, Jack acquired restaurant Del Taco for 575M USD

Acquisition Highlights
  • This is Jack’s 2nd transaction in the Restaurants sector.
  • This is Jack’s largest (disclosed) transaction.
  • This is Jack’s 2nd transaction in the United States.
  • This is Jack’s 2nd transaction in California.

M&A Deal Summary
Date 2021-12-06
Target Del Taco
Sector Restaurants
Buyer(s) Jack
Deal Type Add-on Acquisition
Deal Value 575M USD
Advisor(s) Piper Sandler & Co. (Financial)
McDermott Will & Emery (Legal)

Target

Del Taco

Lake Forest, California, United States
Del Taco offers a unique variety of both Mexican and American favorites such as burritos and fries, prepared fresh in every restaurant's working kitchen with the value and convenience of a drive-thru. Del Taco's menu items taste better because they are made with quality ingredients like freshly grilled chicken and carne asada steak, fresh house-made guacamole, freshly grated cheddar cheese, slow-cooked beans made from scratch, and creamy Queso Blanco. It serves more than three million guests each week at its approximately 600 restaurants across 16 states. Del Taco’s commitment to providing guests with the best quality and value for their money originates from cooking, chopping, shredding, and grilling menu items from scratch. Del Taco was founded in 1964 and is based in Lake Forest, California.

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Buyer(S) 1

Buyer

Jack

San Diego, California, United States
Category Company
Founded 1951
Sector Restaurants
Employees1,079
Revenue 1.7B USD (2023)
DESCRIPTION
Entrance to Jack in the Box's corporate headquarters in San Diego, California.
Entrance to Jack in the Box's corporate headquarters in San Diego, California.

Jack is a restaurant company that operates and franchises Jack in the Box restaurants. Jack was formed in 1951 and is based in San Diego, California.

DEAL STATS #
Overall 2 of 2
Sector (Restaurants) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (California) 2 of 2
Country (United States) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-19 Qdoba Restaurant

San Diego, California, United States

Qdoba Restaurant operates and franchises fast-casual Mexican restaurants under the name Qdoba Mexican Grill. Qdoba Mexican Grill combines fresh ingredients with an innovative combination of sauces and marinades to create non-traditional, fast-casual Mexican fare. Qdoba Restaurant was founded in 1995 and is based in San Diego, California.

Sell $305M
Mergr

Product

Company

Legal