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Ignite Restaurant Group Acquires Romano’s Macaroni Grill

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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