Mergers and Acquisitions
June 19, 2023
Darden Restaurants Officially Gains New Brand
The $715 million acquisition, announced in early May, closed on June 14 and adds 155 steakhouses to the Darden portfolio.
June 13, 2023
Ace Mart Acquires Big Plate Restaurant Supply
The move signals the dealership’s intent to expand into northwest Texas.
June 6, 2023
Emerson Climate Technologies Acquisition Final
Now called Copeland, the HVACR business aims to “shape the future of climate technology.”
June 5, 2023
Tech24 Acquisition Expands Service in Southern Markets
The company merges with Total Mechanical Repair Services, marking acquisition No. 16.
May 3, 2023
LongHorn Steakhouse Parent to Acquire Fellow Steak Chain
Darden Restaurants today announced that it has entered a definitive merger agreement to acquire Ruth’s Hospitality Group, owner and operator of Ruth’s Chris Steak House. The transaction is valued at $715 million. Darden—parent company of LongHorn Steakhouse, Yard House, Olive Garden, Cheddar’s Scratch Kitchen, The Capital Grille, Seasons 52, Bahama Breeze and Eddie V’s—says the…
May 2, 2023
SPB Hospitality Completes Merger with Krystal Restaurants
The deal brings nearly 300 quick-service restaurants to the group, which also includes Logan’s Roadhouse.
April 24, 2023
Private Investment Group Buys International Carbonic Inc.
As part of the deal, Crysalli Beverage Systems now owns its own manufacturing.
April 12, 2023
Innovative Foodservice Group Acquires Foodservice & Restaurant Supply
The acquisition strengthens IFG’s position in the Carolinas.
April 3, 2023
Main Squeeze Juice Co. Acquires I Love Juice Bar
The deal nearly doubles Main Squeeze Juice Co.’s footprint.
March 31, 2023
Tims China Completes ‘Milestone Transaction’
Effective March 30, TH International Limited (aka Tims China)—parent company of the exclusive master franchisees of Tim Hortons coffee shops in mainland China, Hong Kong and Macau—is the exclusive operator and developer of Popeyes in mainland China and Macau. The entry into the transaction was first announced on Feb. 8. The acquisition of PLKC International…
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