NBA owner acquires Del Frisco steakhouse chain

The billionaire and owner of the Houston Rockets, Tilman Joseph Fertitta, announced that he had acquired Wednesday the famous chain of Del Frisco steakhouses, marking the extension of his empire of the hotel business.

"We have been following Del Frisco for many years and we had already tried to acquire the company in 2012 before it was made public," Fertitta said in announcing the acquisition. "This is an upscale steakhouse brand with roots established in Texas and iconic locations across the country."

Landry's, wholly-owned by Fertitta, has agreed to acquire 100% of Double Eagle Steakhouses and Del Frisco's Del Frisco Grids from L Catterton, the world's largest and most global corporation. private equity.

General view of the grand opening of Del Frisco's Grille on July 17, 2013 in Santa Monica, California. (Photo by Tiffany Rose / WireImage)

Although the price is not revealed, in June, L Catterton announced a definitive agreement to acquire the listed restaurant group Del Frisco in a transaction valued at approximately $ 650 million.

Landry & # 39; s, Inc. is a diversified multinational catering, hospitality, games and entertainment company that operates more than 500 upscale and casual dining establishments around the world. The acquisition of Del Frisco's grill chain allows Fertitta to control more than 35 additional restaurants across the country.

"We could not be happier with the acquisition and expect no change in operations," Fertitta said.

According to the release, one of the newly required restaurants, the Del Frisco Double Eagle, a staple of Del Frisco, is one of the restaurants with the highest gross volume in the country.

FOX Business decided to consult a list compiling the list of the 100 best independent restaurants compiled by Restaurant Business.

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At the top of the list was Tao Las Vegas, with an annual business turnover of about 43,447,100 dollars.

The next on the list was Joe's Stone Crab located in Miami Beach. According to the list, they reported annual sales of about $ 35,860,000.

At number three, Carmine's of Times Square had annual sales of $ 35,155,786.