Del Frisco's Restaurant Group

Del Frisco's Restaurant Group was an American restaurant company centered on premium steakhouse concepts. Founded in 1981, the company developed and operated two principal restaurant brands in the United States: Del Frisco's Double Eagle Steak House and Del Frisco's Grille. Its business model combined high-end steakhouse dining with polished service, extensive beverage programs, and locations intended for business meals, celebrations, and other special-occasion occasions. The company's best-known concept was Del Frisco's Double Eagle Steak House, an upscale steakhouse positioned around prime steaks and a formal dining experience. Del Frisco's Grille represented a somewhat more casual interpretation of the group’s brand identity, while retaining a menu and service proposition built around steaks, American dishes, and an energetic restaurant setting. The group therefore operated across more than one level of the premium steakhouse segment rather than relying on a single format. Del Frisco's Restaurant Group became a public company in 2012. As a listed restaurant operator, it was evaluated by investors on comparable-restaurant sales, new-unit development, operating performance, brand strength, and the broader performance of the U.S. upscale dining market. The company’s market capitalization at the end of 2017 was reported by Wikipedia as approximately $327.84 million; this figure is historical and does not represent its current value. The company subsequently began reducing its portfolio. On September 21, 2018, it sold Sullivan's Steakhouse to Romano's Macaroni Grill for $32 million. In June 2019, Del Frisco's accepted an acquisition proposal from L Catterton, described as having an approximate cash value of $650 million and including a proposed purchase of Del Frisco shares at $8.00 per share. In September 2019, Landry's acquired Del Frisco's Restaurant Group for approximately $650 million. These transactions ended the company's existence as an independent publicly traded restaurant group. Following the Landry's acquisition, Del Frisco's restaurant concepts became part of Landry's broader hospitality portfolio. The historical corporate entity is therefore best understood as defunct or absorbed, while the Del Frisco's restaurant names and operating concepts may continue under new ownership. The available reference material does not establish a current standalone corporate website, headquarters, executive roster, or a complete post-acquisition operating footprint.

Del Frisco's Restaurant Group was established in the United States in 1981 as a restaurant company focused on steakhouse dining. Its identity was built around premium steaks, upscale service, and restaurants suited to business entertaining and special occasions. Over time, the company operated two principal concepts: Del Frisco's Double Eagle Steak House and Del Frisco's Grille. The Double Eagle concept represented the more formal and luxurious expression of the group, while the Grille format provided a less formal setting within the same broader premium American restaurant positioning. The company became publicly traded in 2012. Its public-company period placed the restaurant group within the investor-owned U.S. dining sector, where performance depended on brand differentiation, restaurant-level economics, consumer demand, and the ability to operate multiple upscale formats. The reference material identifies the company primarily as a steak-focused chain and does not provide a detailed account of its early founders, headquarters, executive leadership, or individual restaurant openings. A significant portfolio change occurred on September 21, 2018, when Del Frisco's sold Sullivan's Steakhouse to Romano's Macaroni Grill for $32 million. The divestiture narrowed the company's portfolio and preceded a broader change in ownership. In June 2019, Del Frisco accepted an acquisition offer from L Catterton. The offer was described as having an approximate cash value of $650 million, with an $8.00-per-share stock purchase component. The available source also noted that Del Frisco's stock closed at $7.94 on June 26, 2019, providing the contemporary market context for the proposed price. In September 2019, Landry's acquired Del Frisco's Restaurant Group for approximately $650 million. The transaction removed Del Frisco's as an independent public restaurant company and brought its concepts into Landry's larger hospitality portfolio. Accordingly, the corporate entity is treated as defunct or absorbed rather than active as a standalone listed company. The restaurant concepts themselves may continue under Landry's ownership, but the supplied reference does not provide enough information to document their current locations, management, financial performance, or operating structure. No scandals, major advertising campaigns, or named executives are identified in the available material.

• 2019

  L Catterton offer accepted

  [1]Del Frisco's Restaurant Groupen.wikipedia.org

  In June 2019, Del Frisco accepted an acquisition proposal from L Catterton valued at approximately $650 million in cash, including an $8.00-per-share stock purchase proposal.

• 2019

  Acquired by Landry's

  [1]Del Frisco's Restaurant Groupen.wikipedia.org

  Landry's acquired Del Frisco's Restaurant Group in September 2019 for approximately $650 million.

• 2018

  Sullivan's Steakhouse divested

  [1]Del Frisco's Restaurant Groupen.wikipedia.org

  Del Frisco's sold Sullivan's Steakhouse to Romano's Macaroni Grill for $32 million on September 21, 2018.

• 2012

  Became a public company

  [1]Del Frisco's Restaurant Groupen.wikipedia.org

  The restaurant group became publicly traded, beginning its period as a listed U.S. restaurant operator.

• 1981

  Company founded

  [1]Del Frisco's Restaurant Groupen.wikipedia.org

  Del Frisco's Restaurant Group was founded in the United States as a steakhouse-focused restaurant company.

Premium American steakhouse dining, spanning formal high-end restaurants and a more approachable upscale-grille format.

• Upscale steakhouse

  Del Frisco's Double Eagle Steak House

  Del Frisco's Double Eagle Steak House was the group's flagship formal steakhouse concept. It focused on premium steak-centered dining, an elevated service environment, and beverage offerings suited to business meals, celebrations, and other special occasions. The concept expressed the company's most luxurious positioning within the U.S. steakhouse segment.

• Upscale casual restaurant

  Del Frisco's Grille

  Del Frisco's Grille was the group's more approachable restaurant format. It retained the company's association with steaks and American cuisine while presenting the experience in a less formal setting than Double Eagle Steak House. The concept broadened the group's reach across occasions that did not require a traditional high-end steakhouse atmosphere.

• 2019

  Acceptance of L Catterton acquisition proposalM&A

  Background

  Del Frisco's pursued a change in ownership while it was still an independent public company.

  Action taken

  In June 2019, the company accepted an offer from L Catterton described as approximately $650 million in cash, with an $8.00-per-share stock purchase component.

  Aftermath

  The proposed transaction was followed by Landry's acquisition of Del Frisco's in September 2019.

  Proposed acquisition value. Approximately $650 million cash; proposed $8.00 per share (June 2019)

  Source

• 2019

  Landry's acquisitionM&A

  Background

  Del Frisco's Restaurant Group was the subject of competing or successive ownership activity after its portfolio restructuring and L Catterton proposal.

  Action taken

  Landry's acquired the restaurant group in September 2019 for approximately $650 million.

  Aftermath

  Del Frisco's ceased to operate as an independent publicly traded restaurant company and its concepts became part of Landry's hospitality portfolio.

  Acquisition value. Approximately $650 million (September 2019)

  Source

• 2018

  Sale of Sullivan's SteakhouseM&A

  Background

  Del Frisco's Restaurant Group adjusted its brand portfolio before the later sale of the company by divesting Sullivan's Steakhouse.

  Action taken

  The company sold Sullivan's Steakhouse to Romano's Macaroni Grill on September 21, 2018.

  Aftermath

  The transaction reduced Del Frisco's directly operated portfolio and left Del Frisco's Double Eagle Steak House and Del Frisco's Grille as its principal identified concepts.

  Transaction value. $32 million sale proceeds (September 21, 2018)

  Source

• 2019.09.25

  Reported2019.09.25

  L Catterton completes acquisition of Del Frisco's Restaurant Group[2]L Catterton完成对Del Frisco's Restaurant Group的收购prnewswire.com

  L Catterton completed its acquisition of all outstanding shares of Del Frisco's Restaurant Group for approximately $650 million. Del Frisco's stock was to cease trading on Nasdaq following the closing.

Read more

1. 1Del Frisco's Restaurant Groupen.wikipedia.org
2. 2L Catterton完成对Del Frisco's Restaurant Group的收购prnewswire.com