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Dividend Restaurant Group Acquires Eddie Merlot'S

Feb 03, 2022•over 3 years ago

Acquiring Company

Dividend Restaurant Group

Acquired Company

Eddie Merlot

Food And BeverageConsumer GoodsFinancial ServicesCommerce And Shopping

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.

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.”

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed