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.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 10
Sector (Restaurants) 2 of 9
Type (Add-on Acquisition) 2 of 5
State (Minnesota) 1 of 1
Country (United States) 3 of 10
Year (2010) 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

San Clemente, California, United States

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

Buy -
Mergr

Product

Company

Legal