Del Frisco’s Restaurant Group is poised to acquire Barteca Restaurant Group for $325m in cash. Barteca runs 31 restaurants, including Barcelona Wine Bar and bartaco, across 10 states and Washington, D.C. In 2017, Barteca generated $127.9m in net sales and $31.7m in restaurant-level EBITDA, representing a 24.8-percent margin. Del Frisco’s board of directors has unanimously approved the transaction, which is expected to be completed by the end of Del Frisco’s second quarter.
“We believe Barteca’s innovative and ‘best in class’ concepts are highly complementary and will provide Del Frisco’s portfolio with significant growth and development opportunities. They will provide opportunities to enable us to capture market share in the experiential dining segments, while mitigating the risk of seasonality and economic downturns to our current restaurant portfolio,” said Norman Abdallah, CEO of Del Frisco’s Restaurant Group.
