About This Deal
Brinker International acquired Pepper Dining Holding Corp. for $106.5 million, a transaction announced in June 2015.
Brinker acquired Pepper Dining Holding Corp., a franchisee operating 103 Chili's Grill & Bar restaurants primarily in the Northeast and Southeast U.S., to bring the units under company operation and roll out its loyalty program and reimaging.
Brinker acquired Pepper Dining Holding Corp., a franchisee operating 103 Chili's Grill & Bar restaurants primarily in the Northeast and Southeast U.S., to bring the units under company operation and roll out its loyalty program and reimaging.
Deal Terms
Acquirer
Brinker International
Target
Pepper Dining Holding Corp.
Value
$106.5 million
Date
June 2015
Type
Full acquisition
Status
Completed
Transaction Details
Announced
June 25, 2015
In Their Words
Brinker International, Inc. (NYSE: EAT) today announced it has acquired Pepper Dining Holding Corp., a franchisee of 103 Chili's Grill & Bar restaurants... The purchase price of $106.5 million was funded with availability under Brinker's existing credit facility.
Advisors
Advisory firms were not disclosed for this transaction.
Related Deals & Entities
Sources:
Press release ↗
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