Fundz

Dividend Restaurant Group Acquires Eddie Merlot'S

PRIVATEFeb 03, 2022

Acquiring Company

Dividend Restaurant Group

Acquired Company

Eddie Merlot

Financial ServicesCommerce And ShoppingConsumer GoodsFood And Beverage

Description

Dividend Restaurant Group, in conjunction with Raven & Company, the Company’s strategic capital provider, announced today the acquisition of Eddie Merlot's, a 13-unit upscale contemporary American steakhouse. The news follows Dividend Restaurant Group’s acquisition of Sullivan’s Steakhouse from Del Frisco’s for $32 million in 2018 and is indicative of the company’s focus on growth opportunities. Terms of the deal to acquire Eddie Merlot's were not disclosed.

Quick answer

Dividend Restaurant Group is acquiring Eddie Merlot, announced February 3, 2022.

How much did Dividend Restaurant Group pay for Eddie Merlot?
The deal value was not disclosed.
What does Dividend Restaurant Group do?
Dividend Restaurant Group (DRG) was built on the core belief that the foundation of a company is defined by the character of the team, the versatility of its systems and the discipline of its actions.

Source: Fundz verified event record.

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Company Information

Company

Dividend Restaurant Group

About

Dividend Restaurant Group (DRG) was built on the core belief that the foundation of a company is defined by the character of the team, the versatility of its systems and the discipline of its actions. DRG is a guest first and team focused organization that has a successful track record of revitalizing iconic brands and driving value for all stakeholders. Housed in Lower Downtown Denver, DRG brings together some of the country’s best-known brands, leveraging an industry-leading platform with a clear vision for continued growth. Its driving mantra is “we pay ‘dividends’ to every stakeholder of our business; our guests, our team members, our vendors and our financial partners, all in different but meaningful ways.”

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Frequently asked

Who acquired Eddie Merlot?

Eddie Merlot was acquired by Dividend Restaurant Group. The deal was reported on February 3, 2022. Dividend Restaurant Group (DRG) was built on the core belief that the foundation of a company is defined by the character of the team, the versatility of its systems and the discipline of its actions. Dividend Restaurant Group is privately held and operates in Financial Services.

When did Dividend Restaurant Group acquire Eddie Merlot?

Dividend Restaurant Group's acquisition of Eddie Merlot was reported on February 3, 2022. Dividend Restaurant Group, in conjunction with Raven & Company, the Company’s strategic capital provider, announced today the acquisition of Eddie Merlot's, a 13-unit upscale contemporary American steakhouse. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Eddie Merlot do?

Eddie Merlot's It is privately held.

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