Mergers & Acquisitions ·
Red Robin Gourmet Burgers completed three asset purchase transactions selling 108 company-owned restaurants for…
RRGBRed Robin Gourmet Burgers Inc
Red Robin Gourmet Burgers completed three asset purchase transactions selling 108 company-owned restaurants for approximately $89.4 million in cash, with an additional eight units pending closing by fiscal year-end for $6.6 million, bringing total proceeds to roughly $96 million from the sale of 116 locations. The Evergreen Transaction closed on August 26, 2026, involving 30 restaurants in Washington and Western Idaho for $23.5 million. Two closings under the Op Burgers transaction occurred on August 31, 2026: 61 restaurants across Indiana, Kentucky, Maryland, North Carolina, Ohio, Pennsylvania, South Carolina, and Virginia sold for $55.9 million of a $62.5 million total deal value; eight more follow after liquor license transfers. The Kuber transaction also closed August 31, 2026, selling 17 restaurants in Oregon and Washington for $10 million. Proceeds will primarily repay outstanding credit facility borrowings to support debt reduction and refinancing under the company's First Choice Plan. Red Robin Gourmet Burgers operates a casual dining restaurant chain specializing in gourmet burgers.