Del Frisco's Restaurant Group
| Company type | Public (until 2019) |
|---|---|
| Industry | Restaurant |
| Founded | 1981 |
| Headquarters | Houston , United States |
Area served | United States |
| Products | Steakhouses (Del Frisco's Grille, Del Frisco's Double Eagle Steak House) |
Number of employees | 4890 (2017) |
Del Frisco's Restaurant Group, Inc. was a U.S.-based steakhouse chain known for its premium steak offerings. Established in 1981 and publicly traded starting in 2012, the company managed both Del Frisco's Grille and Del Frisco's Double Eagle Steak House locations nationwide. For the fiscal year 2017, it generated revenue of US$361.4 million but recorded an operating loss of US$22.2 million and a net loss amounting to US$11.5 million. As of the end of 2017, its market value was estimated at roughly US$327.8 million. The firm employed nearly 4,890 individuals by December 2017 and maintained its headquarters in Houston, Texas.
History
On September 21, 2018, Del Frisco's divested Sullivan's Steakhouse to Romano's Macaroni Grill for $32 million.
In June 2019, the company accepted an all-cash proposal near $650 million from private equity firm L Catterton, which included purchasing Del Frisco shares at $8.00 each—slightly higher than the closing price of $7.94 on June 26, 2019.
By September 2019, Landry's finalized the acquisition of Del Frisco's Restaurant Group for approximately $650 million, thereby broadening its collection of high-end dining establishments.