M&A Deal Summary

Landry s Acquires Del Frisco s Grilles

On September 25, 2019, Landry s acquired restaurant Del Frisco s Grilles from Del Frisco s Restaurant Group

Acquisition Highlights
  • This is Landry s’ 9th transaction in the Restaurants sector.
  • This is Landry s’ 10th transaction in the United States.
  • This is Landry s’ 1st transaction in New York.

M&A Deal Summary
Date 2019-09-25
Target Del Frisco s Grilles
Sector Restaurants
Buyer(s) Landry s
Sellers(s) Del Frisco s Restaurant Group
Deal Type Divestiture

Target

Del Frisco s Grilles

New York, New York, United States
Del Frisco's Grilles in New York is in the heart of the Rockefeller Center restaurants, near Radio City Music Hall and Times Square. This unique American grill features a sweeping bar with a wood-burning oven, expansive walls showcasing over 700 bottles of wine and a sprawling patio perfect for al fresco dining.

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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 10 of 10
Sector (Restaurants) 9 of 9
Type (Divestiture) 3 of 3
State (New York) 1 of 1
Country (United States) 10 of 10
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-25 Double Eagle Steak House

Dunwoody, Georgia, United States

Double Eagle Steak House is one of the best restaurants in Atlanta. At the forefront of the new Park Center development at the intersection of Hammond Drive and Perimeter Center Parkway, Double Eagle Steak House restaurant is located near Atlanta’s Perimeter Mall. With sleek architecture, modern design, a floating wine cellar, and spacious private rooms, you’ll enjoy a traditional steakhouse dining experience in an elevated atmosphere.

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Seller(S) 1

SELLER

Del Frisco s Restaurant Group

Irving, Texas, United States
Category Company
Founded 1981
Sector Restaurants
Employees4,890
Revenue 378M USD (2018)
DESCRIPTION

Del Frisco's Restaurant Group is a operates a collection of restaurants across the US, including Del Frisco's Double Eagle Steakhouse, Del Frisco's Grille, and Sullivan's Steakhouse. Del Frisco's Double Eagle Steakhouse serves up flawless cuisine that's bold and delicious, an extensive award-winning wine list and a level of service that reminds guests that they're the boss. Del Frisco's Restaurant Group was founded in 1981 and is based in Irving, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Restaurants) 2 of 2
Type (Divestiture) 2 of 2
State (New York) 1 of 1
Country (United States) 2 of 2
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-25 Double Eagle Steak House

Dunwoody, Georgia, United States

Double Eagle Steak House is one of the best restaurants in Atlanta. At the forefront of the new Park Center development at the intersection of Hammond Drive and Perimeter Center Parkway, Double Eagle Steak House restaurant is located near Atlanta’s Perimeter Mall. With sleek architecture, modern design, a floating wine cellar, and spacious private rooms, you’ll enjoy a traditional steakhouse dining experience in an elevated atmosphere.

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