In late June, Brinker International Inc. announced that it had acquired the Charlotte, North Carolina-based Pepper Dining Holding Corp., a franchisee of 103 Chili’s Grill & Bar restaurants primarily located in the Northeast and Southeast. The transaction was valued at $106.5-million. “This acquisition represents a compelling opportunity to create value for our shareholders and generate additional earnings and cash flow growth,” said Wyman Roberts, CEO, President of Brinker International and President of Chili’s Grill & Bar. “We plan to leverage our strong Chili’s operations infrastructure, roll out the brand’s new loyalty program to all restaurants and complete reimaging of the portfolio. More broadly, Brinker remains committed to our other franchise partners and looks forward to continuing to support their growth and expansion.” As of late March 2015, the Dallas-based casual dining restaurant company owned, operated or franchised 1580 Chili’s Grill & Bar restaurants and 49 Maggiano’s Little Italy.
Brinker International Inc. – 5820 LBJ Freeway, Dallas, Texas 75240 (972/980-9917 www.brinker.com)
Pepper Dining Holding Corp. – 11600 North Community House Rd., Suite 200, Charlotte, North Carolina 28277 (704/943-5276)