Dine Brands Acquires Fuzzy's Taco Shop

Darden Restaurants Acquires Chuy's Holdings, Inc.

October 14, 2024

Restaurants & Hospitality

Darden Restaurants completed its previously announced all-cash acquisition of Chuy's Holdings, Inc. for an enterprise value of approximately $605 million, financed in part with proceeds from senior note offerings. Chuy's—founded in Austin, Texas—operates just over 100 Tex‑Mex restaurant locations (about 101 stores) with annualized unit volumes of roughly $4.5 million; Chuy's stockholders approved the merger and the company's common stock ceased trading on Nasdaq.

Foodtastic Acquires Quesada Burritos & Tacos

December 2, 2022

Restaurants & Hospitality

Foodtastic Inc. has entered into an agreement to acquire Quesada Burritos & Tacos, a fast-growing Canadian quick-service restaurant brand. The acquisition adds Quesada's +175 restaurants to Foodtastic's portfolio and Foodtastic plans to open about 50 new Quesada locations over the next 36 months.

Gala Capital Partners Acquires Rusty Taco from Inspire Brands

December 19, 2022

Restaurants & Hospitality

Gala Capital Partners (GCP), a Southern California private investment firm focused on emerging restaurant franchisors, has purchased Rusty Taco from Inspire Brands. The Rusty Taco management team, led by Brendan Mauri, will remain and has co‑invested in the transaction; terms were not disclosed.

Uncommon Brands (Crux Capital Portfolio) Acquires Fuego Tortilla Grill

February 14, 2024

Restaurants & Hospitality

Uncommon Brands, a Dallas-based restaurant holding company backed by Crux Capital, has completed the acquisition of Fuego Tortilla Grill, a Texas-based Tex‑Mex limited‑service concept. The deal adds a fast‑casual Tex‑Mex brand to Uncommon Brands' platform as it pursues accelerated unit development and operational scaling across regional markets.

Jack in the Box Acquires Del Taco for Approximately $585 Million

March 8, 2022

Restaurants & Hospitality

Jack in the Box Inc. completed its acquisition of Del Taco Restaurants, Inc. for approximately $585 million, paying Del Taco stockholders $12.51 per share in cash. Del Taco’s common stock will be delisted from NASDAQ as the combined company pursues greater scale, unit growth and investments in digital and technology capabilities to strengthen both QSR brands.

Utz Brands Acquires Truco Enterprises (ON THE BORDER) for $480M

November 12, 2020

Food & Beverage

Utz Brands (NYSE: UTZ) agreed to acquire Truco Enterprises, the maker of On The Border tortilla chips, salsa and queso, from Insignia Capital Group for approximately $480 million in cash. The transaction closed in December 2020; Utz expects to leverage its direct-store-delivery network and broader capabilities to expand the On The Border brand into new markets.