Darden Acquires Austin-Based Tex-Mex Chain Chuy's in $600 Million Deal

Benzinga 2024-07-18

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Darden acquired the corporate company behind Tex-Mex chain Chuy's for over $600 million, paying more than $37 per share. Chuy's is headquartered in Austin, Texas, and has over 100 restaurants across 15 states. Over a recent 12-month period, the company generated significant revenue and net income, according to Darden's financial data. Darden's president and CEO, Rick Cardenas, stated that Chuy's is a unique and high-performing brand with strong growth potential, making it an excellent addition to Darden's portfolio.

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