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TheStreet Open House

Ignite Restaurant Group Acquires Romano’s Macaroni Grill

Stocks in this article: IRG

Josh Olshansky, Managing Director of Golden Gate Capital, added, “We are pleased with the outcome of our successful investment in Macaroni Grill and believe the Company is well positioned for the future. Ignite is a great strategic partner to help take Macaroni Grill to its next phase of growth.”

2013 Combined Store Count and Revenue Projections

Unit Count

 

Pre-transaction

  Acquired in transaction   Planned 2013

growth

    Project unit count

EOY Fiscal 2013

 
Joe’s Crab Shack 129
Brick House Tavern + Tap 15

 

 

 

144 14 158
Romano’s Macaroni Grill
Company-owned 186

(3)

 

 

183
Franchised

 

24

 

24
Total   144   210   11       365

Planned 2013 net growth considers as many as 11 net new locations. As previously announced the Company will open 14 new Joe’s Crab Shack and/or Brick House units and convert as many as two units. Additionally, as many as three Romano’s Macaroni Grill units may be closed or converted to Joe’s or Brick House units during fiscal 2013.

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