M&A Deal Summary

Landry s Acquires Morton s Steakhouse

On December 16, 2011, Landry s acquired restaurant Morton s Steakhouse for 117M USD

Acquisition Highlights
  • This is Landry s’ 4th transaction in the Restaurants sector.
  • This is Landry s’ 2nd largest (disclosed) transaction.
  • This is Landry s’ 5th transaction in the United States.
  • This is Landry s’ 1st transaction in Illinois.

M&A Deal Summary
Date 2011-12-16
Target Morton s Steakhouse
Sector Restaurants
Buyer(s) Landry s
Deal Type Add-on Acquisition
Deal Value 117M USD

Target

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.

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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 5 of 10
Sector (Restaurants) 4 of 9
Type (Add-on Acquisition) 4 of 5
State (Illinois) 1 of 1
Country (United States) 5 of 10
Year (2011) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-09 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-04 Mastro s Restaurants

Woodland Hills, California, United States

Mastro's Restaurants LLC owns and operates nine premium fine dining steakhouses and seafood restaurants, comprised of six steakhouse restaurants under the brand name of Mastro’s Steakhouse and three seafood restaurants under the brand name of Mastro’s Ocean Club, in prime locations in Southern California, Arizona, Nevada and Illinois.

Buy -
Mergr

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