Texas Roadhouse acquired Eight franchise Texas Roadhouse restaurants (Maryland and Delaware) for USD 39.1 million, a transaction announced in December 2022.
Acquired eight franchise restaurants in Maryland and Delaware on the first day of fiscal 2023 (four via step acquisitions where it held 5% equity), recording a $0.6 million gain on prior investments.
Acquired eight franchise restaurants in Maryland and Delaware on the first day of fiscal 2023 (four via step acquisitions where it held 5% equity), recording a $0.6 million gain on prior investments.
Pursuant to the terms of the acquisition agreements, we paid a total purchase price of $39.1 million, net of cash acquired, for 100% of the entities.
Advisory firms were not disclosed for this transaction.