The most recent known purchaser of Romano's Macaroni Grill was Redrock Partners LLC, which acquired the concept from Ignite Restaurant Group in April 2015.
A History of Acquisitions
The ownership of Romano's Macaroni Grill has changed hands several times over the years. Notably, there have been two significant acquisitions in recent history that reshaped the brand's corporate structure. Understanding these transitions provides a clearer picture of who has invested in and managed the popular Italian-American restaurant chain.
Key Acquisitions of Romano's Macaroni Grill
Here's a breakdown of the key transactions involving Romano's Macaroni Grill:
-
Ignite Restaurant Group (2013)
On February 6, 2013, Ignite Restaurant Group announced its acquisition of Romano's Macaroni Grill. This purchase was made from Golden Gate Capital through a substantial $55.0 million all-cash transaction. At the time, this acquisition was seen as a strategic move to expand Ignite's portfolio of restaurant brands. -
Redrock Partners LLC (2015)
Following Ignite Restaurant Group's ownership, Redrock Partners LLC purchased the concept in April 2015. This transaction saw Redrock Partners LLC acquire Romano's Macaroni Grill from Ignite for a reported $8 million.
Acquisition Timeline
The following table summarizes the significant ownership changes for Romano's Macaroni Grill:
Date | Buyer | Seller | Transaction Type | Price |
---|---|---|---|---|
Feb 6, 2013 | Ignite Restaurant Group | Golden Gate Capital | All-cash | $55.0 million |
April 2015 | Redrock Partners LLC | Ignite Restaurant Group | Purchase | $8 million |