Red Robin acquires franchised restaurants
March 22, 2016
by MEAT+POULTRY Staff
GREENWOOD VILLAGE, Colo. – Red Robin Gourmet Burgers, Inc. recently completed its acquisition of 13 franchised restaurants in Texas. The restaurants were owned by Cowboy Red, LC, Cowgirl Red, LLC, and Texas Red Real Estate, Ltd. and its affiliates, and Robert Y Reynolds and Carolyn Frost Keenan. The company said it would provide more about the transaction in its first quarter earnings release.
“This acquisition supports our strategy to expand in markets such as Texas which provide us strong growth prospects,” CEO Steve Carley said in a statement. “We would also like to welcome almost 800 new members to the Red Robin corporate family and offer them an opportunity for continued growth as well.”
The restaurants are located in Houston (7), Dallas (2), Lubbock (1), Austin (1), Abilene (1) and Amarillo (1).