Darden Restaurants to Acquire Chuy's Holdings, Inc. to Expand Restaurant Portfolio
Acquiring Company
Darden Restaurants
Acquired Company
Chuy's Restaurants
OrlandoAustinFood and BeverageHospitalityFood and BeverageFood And BeverageDescription
Darden Restaurants, Inc. and Chuy's Holdings, Inc. have entered into a definitive agreement in which Darden will acquire all outstanding shares of Chuy's for approximately $605 million. This acquisition is aimed at complementing Darden's portfolio of iconic brands and expanding its presence in the full-service restaurant industry.
Quick answer
Darden Restaurants is acquiring Chuy's Restaurants, announced July 17, 2024. Darden Restaurants is based in Orlando, Florida, United States.
- How much did Darden Restaurants pay for Chuy's Restaurants?
- The deal value was not disclosed.
- What does Darden Restaurants do?
- Darden Restaurants, Inc. is a leading restaurant operating company specializing in casual and fine dining.
- Where are Darden Restaurants and Chuy's Restaurants based?
- Darden Restaurants is based in Orlando, Florida, United States. Chuy's Restaurants is based in Austin, Texas, United States.
- Who are the decision-makers at Darden Restaurants?
- Fundz holds 1 contact at Darden Restaurants. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- Gordon’s Fine Wine acquires the Nantucket Food and Wine Experience to expand its portfolio (June 17, 2024)
- Whitsons Culinary Group completes acquisition of Arbor Management, Inc. to enhance culinary services (August 12, 2024)
- Conagra Brands Acquires Sweetwood Smoke & Co., maker of FATTY Smoked Meat Sticks (August 9, 2024)
- SPB Hospitality acquires Amada and Village Whiskey to expand its restaurant portfolio (July 31, 2024)
- Restaurant Brands International acquires Popeyes China and co-invests in Tims China Business to drive growth (July 1, 2024)
- Our Home acquires Pop Secret to expand its snack portfolio (August 26, 2024)
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When Darden Restaurants changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Chuy's Restaurants?
Chuy's Restaurants was acquired by Darden Restaurants, based in Orlando. The deal was reported on July 17, 2024. Darden Restaurants, Inc. is a leading restaurant operating company specializing in casual and fine dining. Darden Restaurants is publicly traded (DRI) and operates in Food and Beverage.
When did Darden Restaurants acquire Chuy's Restaurants?
Darden Restaurants's acquisition of Chuy's Restaurants was reported on July 17, 2024. Darden Restaurants, Inc. and Chuy's Holdings, Inc. have entered into a definitive agreement in which Darden will acquire all outstanding shares of Chuy's for approximately $605 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Chuy's Restaurants do?
Founded in 1982 in Austin, Texas, Chuy's serves authentic Tex-Mex food in an eclectic atmosphere full of color and personality. It is privately held, operating in Food and Beverage, and is based in Austin.
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