Back to search
đź”´ PRIVATE EQUITY OWNED
Chuy's
tex-mex · Austin, TX
PE Firm
Darden Restaurants
Year Acquired
2024
“Another Austin original absorbed into the Olive Garden machine.”
The PE Playbook
- •Acquired by Darden (Olive Garden's parent) for $605 million in October 2024 — from independent public company to corporate subsidiary
- •Darden targeting $15 million in 'pre-tax net synergies' by fiscal 2026 — corporate-speak for cutting costs
- •Two locations already closed in Lakewood, CO and Kansas City, MO shortly after acquisition
- •Customers worry the made-from-scratch Tex-Mex kitchen will get 'Olive Garden-ified' with menu optimization