Plotted by close date where disclosed, otherwise announcement. Select any marker to jump to the deal entry.
Three patterns run through Brinker International's acquisitions — what it looks for, how it pays, and how it folds in what it buys.
4 acquisitions — each with the deal value, financing structure, target revenue, and executive commentary where disclosed.
Brinker acquired the Maggiano's Little Italy polished-casual Italian concept, adding a second brand alongside Chili's; the deal predates modern electronic SEC filings and no purchase price is disclosed in available filings.
We completed the acquisition of Maggiano's in August 1995.
Brinker bought back 11 franchised Chili's restaurants in Alberta, Canada from an existing franchisee to pursue direct company-owned growth of the Chili's brand in the Canadian market.
On June 1, 2013, we completed the acquisition of 11 Chili's restaurants in Alberta, Canada from an existing franchisee for $24.6 million in cash.
Brinker acquired Pepper Dining Holding Corp., a franchisee operating 103 Chili's Grill & Bar restaurants primarily in the Northeast and Southeast U.S., to bring the units under company operation and roll out its loyalty program and reimaging.
Brinker International, Inc. (NYSE: EAT) today announced it has acquired Pepper Dining Holding Corp., a franchisee of 103 Chili's Grill & Bar restaurants... The purchase price of $106.5 million was funded with availability under Brinker's existing credit facility.
Brinker completed the acquisition of 116 Chili's Grill & Bar restaurants (generating ~$300M annualized revenue) from its 14-year franchisee ERJ Dining, primarily in the Midwest, funded from its credit facility and expected to be EPS and cash-flow accretive; total cash consideration was $96.0 million per the FY2020 10-K.
Total cash consideration of $96.0 million, including post-closing adjustments, was funded with borrowings from our existing credit facility. We accounted for this acquisition as a business combination.