M&A Deal Summary

Landry s Acquires Oceanaire

On April 30, 2010, Landry s acquired restaurant Oceanaire

Acquisition Highlights
  • This is Landry s’ 2nd transaction in the Restaurants sector.
  • This is Landry s’ 3rd transaction in the United States.
  • This is Landry s’ 1st transaction in Minnesota.

M&A Deal Summary

Date 2010-04-30
Target Oceanaire
Sector Restaurants
Buyer(s) Landry s
Deal Type Add-on Acquisition

Target

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.

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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 3 of 11
Sector: Restaurants M&A 2 of 10
Type: Add-on Acquisition M&A Deals 2 of 5
State: Minnesota M&A 1 of 1
Country: United States M&A 3 of 11
Year: 2010 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-11 Joe s Crab Shack

Houston, Texas, United States

Ignite Restaurant Group, Inc. owns and operates three restaurant businesses, Joe's Crab Shack, Romano's Macaroni Grill and Brick House Tavern+Tap.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-09 Bubba Gump Shrimp Co.

San Clemente, California, United States

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

Buy -