M&A Deal Summary

Redrock Partners Acquires Romano s Macaroni Grill

On April 20, 2015, Redrock Partners acquired restaurant Romano s Macaroni Grill from Joe s Crab Shack for 8M USD

Acquisition Highlights
  • This is Redrock Partners’ 1st transaction in the Restaurants sector.
  • This is Redrock Partners’ largest (disclosed) transaction.
  • This is Redrock Partners’ 1st transaction in the United States.
  • This is Redrock Partners’ 1st transaction in Texas.

M&A Deal Summary
Date 2015-04-20
Target Romano s Macaroni Grill
Sector Restaurants
Buyer(s) Redrock Partners
Sellers(s) Joe s Crab Shack
Deal Type Divestiture
Deal Value 8M USD

Target

Romano s Macaroni Grill

Houston, Texas, United States
Romano's Macaroni Grill is a casual Italian restaurant with more than 220 locations worldwide. Working in open kitchens, Macaroni Grill chefs prepare Italian classics such as Chicken Scaloppini and signature items such as Penne Rustica, as well as grilled specialties, fresh seafood, crisp salads, brick oven pizzas and numerous pasta dishes. The menu is complemented by one of the most extensive wine lists in casual dining, including house wine poured on the honor system.

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Buyer(S) 1

Buyer

Redrock Partners

Phoenix, Arizona, United States
Category Company
Founded 2010
Sector Real Estate
DESCRIPTION

Redrock Partners LLC is a provider of Real estate services.

DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Joe s Crab Shack

Houston, Texas, United States
Category Company
Founded 1991
Sector Restaurants
Revenue 492M USD (2015)
DESCRIPTION

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

DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-06 Romano s Macaroni Grill

Houston, Texas, United States

Romano's Macaroni Grill is a casual Italian restaurant with more than 220 locations worldwide. Working in open kitchens, Macaroni Grill chefs prepare Italian classics such as Chicken Scaloppini and signature items such as Penne Rustica, as well as grilled specialties, fresh seafood, crisp salads, brick oven pizzas and numerous pasta dishes. The menu is complemented by one of the most extensive wine lists in casual dining, including house wine poured on the honor system.

Buy $55M
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