What’s the consort behindhand the $605M acquire of Chuy’s? – Journal Today Web

Chuy’s edifice on Barton Springs Road. (KXAN Photo/Sam Stark

AUSTIN (KXAN) — Austin’s homegrown edifice concern Chuy’s is at the edifice of a $605 meg purchase, with the render commendation between Chuy’s and Darden Restaurants, Inc. announced Wednesday.

The speech Chuy’s unsealed soured Barton Springs Road in 1982 and has since swollen to 101 restaurants crossways 15 states, as of July. Nationally, Chuy’s employs roughly 7,400 workers, per programme from the Austin Business Journal.

“We are agog most the possibleness to tie the Darden kinsfolk and its portfolio of well-respected brands,” Steven Hislop — the chairman, CEO and chair of Chuy’s — said in the announcement. “Darden shares whatever of our aforementioned set values, specially our operative belief and brawny aggroup member cultures. Together we module qualify our playing goals and alter our authentic, made-from-scratch Tex-Mex to more guests and communities.”

But what just is Darden Restaurants, and what do they own?

The aforementioned assemblage the Chuy’s sort was born, Darden pronounceable discover its prototypal Olive Garden construct edifice in Orlando. Within heptad years, Olive Garden had swollen to more than 145 restaurants by 1989, per Yahoo! Finance reporting.

Darden Restaurants also owns LongHorn Steakhouse, Cheddar’s Scratch Kitchen and the Ruth’s Chris Steak House chain. The latter digit are whatever of the company’s more past additions to its portfolio.

Darden Restaurants acquired Cheddar’s Scratch Kitchen for roughly $780 meg in March 2017, per a Darden consort update. In May 2023, Darden took the helm of Ruth’s Hospitality Group for roughly $715 million, receiving the Ruth’s Chris Steak House concern as conception of that deal.

Ruth’s Chris Steak House operates roughly 200 locations globally, including digit soured Sixth Street in Austin.

Prior to Tuesday’s news, Chuy’s was already expanding its print locally. It opened its stylish Austin positioning in the Mueller neighborhood in New April, rating the company’s prototypal in the orient assets of the city. A 5,500-square-foot edifice and area place is also designed in Hutto, municipality body announced terminal September.