Brinker to Sell Majority Interest in Macaroni Grill®

Brinker to Sell Majority Interest in Macaroni Grill®

Food & Drink

Brinker to Sell Majority Interest in Macaroni Grill®

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Brinker International, Inc. has announced that it has entered into a purchase agreement with Mac Acquisition LLC, an affiliate of Golden Gate Capital, for the sale of a majority interest in Romano’s Macaroni Grill. Golden Gate Capital is a San Francisco-based private equity firm. Brinker will retain a 19.9 percent continuing ownership interest in the brand.

“Golden Gate is well-known for partnering with corporations to help grow established consumer and retail brands. Brinker International will retain a minority ownership position in order to both maximize the value to Brinker’s shareholders and contribute to the success of Macaroni Grill as a stand-alone entity,” said Doug Brooks, Chairman and Chief Executive Officer of Brinker International.

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