Deal Snapshot
BRINKER TO ACQUIRE 116 MIDWEST CHILI´S RESTAURANT FRANCHISES FROM ERJ DINING
Thursday 18 July 2019

Texas, US-based casual dining restaurant company Brinker International, Inc. (NYSE: EAT) has executed a letter of intent to acquire 116 Midwest US Chili's Grill and Bar restaurants from ERJ Dining, a 14-year holder of the franchisees, the company said.

The restaurants, primarily located in the Midwest, generate approximately USD 300m of annualised revenue. The transaction is expected to close in the first quarter of Brinker's fiscal year 2020.


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Details
Date Published: 18/07/2019
Target: 116 Midwest US Chili´s, ¬†Grill and Bar restaurants
Country: USA
Sector: Hotels/Restaurants/Casinos/Catering
Type: Corporate acquisition
Status: Agreed
Vendor: ERJ Dining
Buyer: Brinker International
Comment:
Terms of the deal were not disclosed

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