In a deal valued at approximately $32 million, Romano’s Macaroni Grill will acquire the Sullivan’s Steakhouse chain from multi-concept operator Del Frisco’s Restaurant Group. The deal is expected to close by Sept. 30, 2018.
The pending divestiture of Sullivan's Steakhouse represents the culmination of a strategic alternatives process for the brand that Del Frisco’s announced in March 2018. Sullivan's Steakhouse currently comprises 14 locations across 12 states.
Scott Smith, who had served as president of Sullivan's Steakhouse since January 2017, will remain with Del Frisco's and assume similar responsibilities for Del Frisco's Double Eagle Steakhouse. Ray Risley, who previously served in that same position, has resigned to pursue other interests.