Acquiring Company
Op Burgers
Acquired Company
Red Robin Gourmet Burgers
KentuckyFood and BeverageHospitalityFood and BeverageFood And BeverageHospitalityDescription
Op Burgers, LLC is acquiring a total of 69 Red Robin restaurants across several states for $62.5 million. This acquisition is part of a larger refranchising initiative by Red Robin, which aims to strengthen its balance sheet. The first phase of the acquisition has closed with 61 restaurants, and the remaining eight are expected to close by fiscal year end. This move aligns with Red Robin's plan to refinance existing debt and enhance financial flexibility.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Red Robin Gourmet Burgers?
Red Robin Gourmet Burgers was acquired by Op Burgers, based in Kentucky. The deal was reported on September 1, 2026. Op Burgers, LLC is a multi-unit restaurant operator focusing on franchise operations. The company aims to provide a high-quality dining experience through established brands. Op Burgers is privately held and operates in Food and Beverage.
When did Op Burgers acquire Red Robin Gourmet Burgers?
Op Burgers's acquisition of Red Robin Gourmet Burgers was reported on September 1, 2026. Op Burgers, LLC is acquiring a total of 69 Red Robin restaurants across several states for $62.5 million. This acquisition is part of a larger refranchising initiative by Red Robin, which aims to strengthen its balance sheet. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Red Robin Gourmet Burgers do?
About Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) Red Robin Gourmet Burgers, Inc. It is publicly traded (RRGB), operating in Food and Beverage.
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