Brinker International Acquires 23 Franchised Chili's Restaurants
DALLAS, Sept. 2, 2021 /PRNewswire/ -- Today, Brinker International, Inc. (NYSE:EAT) completed the acquisition of 23 Chili's® Grill & Bar restaurants located in the Mid-Atlantic region from its 37-year franchisee, Chesapeake Foods, Inc. The transaction was funded with availability under Brinker's existing credit facility and is expected to be EPS and cash flow accretive in fiscal year 2022.
"This acquisition aligns with our overall growth strategy and belief in the company-owned model," said Joe Taylor, executive vice president and chief financial officer of Brinker. "We've alw
