M&A Deal Summary

Landry s Acquires Bubba Gump Shrimp

On November 9, 2010, Landry s acquired restaurant Bubba Gump Shrimp

Acquisition Highlights
  • This is Landry s’ 3rd transaction in the Restaurants sector.
  • This is Landry s’ 4th transaction in the United States.
  • This is Landry s’ 1st transaction in California.

M&A Deal Summary
Date 2010-11-09
Target Bubba Gump Shrimp
Sector Restaurants
Buyer(s) Landry s
Deal Type Add-on Acquisition

Target

Bubba Gump Shrimp

San Clemente, California, United States
Bubba Gump Shrimp Co. Inc. operates a chain of seafood restaurants in the United States and internationally.

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Buyer(S) 1

Buyer

Landry s

Houston, Texas, United States
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 4 of 10
Sector (Restaurants) 3 of 9
Type (Add-on Acquisition) 3 of 5
State (California) 1 of 2
Country (United States) 4 of 10
Year (2010) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-30 Oceanaire

Minneapolis, Minnesota, United States

Oceanaire operates casual-fine dining seafood restaurants in Atlanta, Baltimore, Boston, Dallas, Denver, Houston, Indianapolis, Miami, Minneapolis, Orlando, San Diego, and Washington D.C.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-16 Morton s Steakhouse

Chicago, Illinois, United States

Morton's Steakhouse is an operator in the upscale steakhouse segment with over 70 restaurants in 26 states in the U.S., Toronto, Canada, San Juan, Puerto Rico, Hong Kong, Shanghai, Singapore, Mexico City and Macau.

Buy $117M
Mergr

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