Restaurants & Hospitality Acquisitions in 2014

Showing 2 transactions.

  • Buyer
    Eldorado Resorts, Inc.
    Target
    MTR Gaming Group, Inc.
    Seller
    MTR Gaming Group stockholders
    Location
    West Virginia, United States
    Type
    Buyout

    Eldorado Resorts, Inc. completed its merger with MTR Gaming Group, Inc., creating a combined company (renamed Eldorado Resorts, Inc.) that will trade on NASDAQ under the ticker ERI. The combination expands Eldorado's portfolio to six properties across multiple U.S. states and positions the company for greater geographic diversification and scale; MTR stockholders received a mix of cash and Eldorado shares per the merger terms.

  • Buyer
    Kelly Investment Group
    Target
    S.S. of Kansas, Inc.
    Seller
    S.S. of Kansas, Inc., Gale Premer
    Location
    Kansas, United States
    Type
    Buyout

    Kelly Investment Group of San Diego acquired S.S. of Kansas, Inc., including 16 Sirloin Stockade, Montana Mike's and Coyote Canyon restaurants in Kansas and Oklahoma. The deal, which closed on June 4, 2014, was advised by Aethlon Capital and provides an exit for long-time franchisee CEO Gale Premer.

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