Del Frisco's Restaurant Group, Inc. was an American

steakhouse A steakhouse, steak house, or chophouse is a restaurant that specializes in steaks and chops. Modern steakhouses may also carry other cuts of meat including poultry, roast prime rib, and veal, as well as fish and other seafood. History Choph ...

restaurant chain company which focuses on steaks. The company was founded in 1981 and became public in 2012. Del Frisco's Restaurant Group operated Del Frisco's Grille and Del Frisco's Double Eagle Steak House in the

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

. Market capitalization at the end of 2017 was US$327.84M.

History

On September 21, 2018, Del Frisco's sold Sullivan's Steakhouse to

Romano's Macaroni Grill Romano's Macaroni Grill is an American casual dining restaurant chain specializing in Italian-American cuisine. As of April 2024, the company operates 31 locations in Arizona, California, Colorado, Florida, Georgia, Hawaii, Illinois, Nevada, Ohi ...

for 32 million dollars (

USD The United States dollar (symbol: $; currency code: USD) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it int ...

). In June 2019, Del Frisco accepted an offer from

L Catterton L Catterton is an American multinational private equity firm. Founded in Greenwich, Connecticut in 1989, the fund has made over 250 investments in brands across all segments of the consumer industry. The firm is led by co-CEOs Michael Chu (privat ...

in the vicinity of $650 million cash. L Catterton will also purchase Del Frisco stock for $8.00 a share, as June 26, 2019, the closing price of Del Frisco stock was $7.94. In September 2019, Landry's acquired Del Frisco's Restaurant Group for around $650 million.

References

External links

* Landry's Inc. Companies formerly listed on the Nasdaq Companies based in Irving, Texas American companies established in 1981 Restaurants established in 1981 1981 establishments in Texas] Catering and food service companies of the United States Restaurant chains in the United States 2012 initial public offerings 2019 mergers and acquisitions Private equity portfolio companies {{US-restaurant-stub