Romano’s Macaroni Grill to buy Sullivan's Steakhouse brand in $32M deal

Del Frisco’s Restaurant Group (Nasdaq: DFRG) announced Tuesday that it will sell its Sullivan’s Steakhouse brand to Romano’s Macaroni Grill in a $32 million deal. Proceeds from the sale will be used to pay down debt, Del Frisco’s said in a news release. The purchase is expected to close on or before Sept. 30. Sullivan’s has a location at 1 E. Pratt St. across from the Inner Harbor. Scott Smith, who was named president of Sullivan’s in January 2017, will take the same role with Del Frisco’s…

from https://www.bizjournals.com/baltimore/news/2018/09/20/romano-s-macaroni-grill-to-buysullivans-steakhouse.html?ana=RSS&s=article_search
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