Tag Archives: Ignite Restaurant Group

Business, Finance, Occupation & Industry

Ignite Restaurant Group Completes Acquisition of Romano's Macaroni Grill

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By Business Wirevia The Motley Fool

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Ignite Restaurant Group Completes Acquisition of Romano’s Macaroni Grill

David Catalano Named President of Macaroni Grill

HOUSTON–(BUSINESS WIRE)– Ignite Restaurant Group (NAS: IRG) today announced that it has completed the previously announced acquisition of Romano’s Macaroni Grill (“Macaroni Grill“) for approximately $55.0 million in an all-cash transaction from private equity firm Golden Gate Capital, management and investors. The acquisition includes 186 company-owned and five franchised restaurants across 36 states as well as 19 additional franchised units throughout nine U.S. territories and foreign countries.

“We are pleased to have closed on the acquisition of Macaroni Grill and add such an iconic brand to the Ignite Restaurant Group portfolio,” stated Ray Blanchette, Chief Executive Officer of Ignite Restaurant Group. “With a similar operating format, Macaroni Grill is an ideal fit with our existing polished casual restaurants. We believe our history of driving operational improvement along with our brand management and real estate portfolio strengths provide the opportunity to drive significant shareholder value over time. We are delighted to be expanding our restaurant portfolio and we welcome all of our new team members and associates to the Ignite family.”

The company also announced that David Catalano has been named President of Macaroni Grill. Mr. Catalano has 25 years of experience in the casual dining and hospitality industry, most recently as Chief Operating Officer for Rave Cinemas. He also served as Chief Operating Officer for Apple Gold, an Applebee’s franchisee with approximately 70 locations, Chief Operating Officer for Hard Rock Café and spent 15 years with TGI Fridays holding a variety of leadership positions including Vice President of Operations.

Blanchette added, “David is a seasoned executive whose track record of operational and strategic leadership will be an asset not only for guiding the Macaroni Grill brand, but to the entire Ignite organization. The addition of David to our team completes our new organizational structure, which will allow us to lever the synergies of being a multi-concept company without distracting the operations teams from growing their respective brands and delivering an exceptional guest experience.”

About Ignite Restaurant Group

Ignite Restaurant Group, Inc. now owns and operates 131 Joe’s Crab Shacks,186 Romano’s Macaroni Grills and 15 Brick House Tavern + Taps. Ignite also franchises 5 Romano’s Macaroni Grills in the United States and 19 units throughout the …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Ignite Restaurant Group Appoints Fritzi Woods to Board of Directors

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By Business Wirevia The Motley Fool

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Ignite Restaurant Group Appoints Fritzi Woods to Board of Directors

HOUSTON–(BUSINESS WIRE)– Ignite Restaurant Group (NAS: IRG) , today announced the appointment of Fritzi Woods to its Board of Directors. Ms. Woods brings more than 20 years of public and private board and governance experience and has held numerous executive leadership positions with a focus on corporate strategy, operations, marketing and corporate governance.

“We are very pleased to have the opportunity to add a talented leader like Fritzi to the Ignite Board of Directors,” commented Ray Blanchette, Chief Executive Officer of Ignite Restaurant Group. “Her foodservice industry experience, through both Women’s Foodservice Forum and PrimeSource Foodservice Equipment, Inc., as well as her experience leading organizations through new market development and mergers and acquisitions will be valuable to our organization as we continue to grow Ignite’s portfolio of brands.”

Ms. Woods currently serves as president and chief executive officer of Women’s Foodservice Forum (WFF), a corporate leadership development association dedicated to creating and implementing gender-diverse leadership strategies for mid and senior level executives in some of the world’s largest foodservice companies. She previously served as chairman and chief executive officer of PrimeSource Foodservice Equipment, Inc., where she accelerated the company’s growth and diversified its customer base, re-structured the business model and established a new internal/external value chain to achieve record profitability within four years. Ms. Woods has also served in multiple senior executive roles at The Dallas Morning News, Semi-Conductor Manufacturing Division of Motorola, the State of Texas Natural Resources Conservation Commission and the Greater Houston Convention & Visitors Bureau.

About Ignite Restaurant Group

Ignite Restaurant Group, Inc. owns and operates 131 Joe’s Crab Shacks and 15 Brick House Tavern + Taps. Each brand offers a variety of high-quality, chef-inspired food and beverages in a distinctive, casual, high-energy atmosphere. Joe’s Crab Shack and Brick House Tavern + Tap operate in a diverse set of markets across the United States.

Investor Relations
Fitzhugh Taylor, 203-682-8261
fitzhugh.taylor@icrinc.com
or
Media Relations
Liz Brady DiTrapano, 646-277-1226
liz.brady@icrinc.com

KEYWORDS:   United States  North America  Texas

INDUSTRY KEYWORDS:

The article Ignite Restaurant Group Appoints Fritzi Woods to Board of Directors originally appeared on Fool.com.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Ignite Restaurant Group, Inc. to Announce Fourth Quarter 2012 Results on March 20, 2013

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By Business Wirevia The Motley Fool

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Ignite Restaurant Group, Inc. to Announce Fourth Quarter 2012 Results on March 20, 2013

HOUSTON–(BUSINESS WIRE)– Ignite Restaurant Group, Inc. (NAS: IRG) today announced that it will host a conference call to discuss fourth quarter 2012 financial results on Wednesday, March 20, 2013 at 5:00 PM Eastern Time.

The conference call can be accessed live over the phone by dialing 888-300-2342 or for international callers by dialing 719-325-4787. A replay will be available one hour after the call and can be accessed by dialing 877-870-5176 or 858-384-5517 for international callers; the password is 4058124. The replay will be available until March 27, 2013. The call will also be webcast live from the Company’s website at www.igniterestaurants.com under the “Investors” section.

About Ignite Restaurant Group

Ignite Restaurant Group, Inc. owns and operates 130 Joe’s Crab Shacks and 15 Brick House Tavern + Taps. Each brand offers a variety of high-quality, chef-inspired food and beverages in a distinctive, casual, high-energy atmosphere. Joe’s Crab Shack and Brick House Tavern + Tap operate in a diverse set of markets across the United States.

ICR
Investor Relations
Fitzhugh Taylor, 203-682-8261
fitzhugh.taylor@icrinc.com
or
Media Relations
Liz Brady DiTrapano, 646-277-1226
liz.brady@icrinc.com

KEYWORDS:   United States  North America  Texas

INDUSTRY KEYWORDS:

The article Ignite Restaurant Group, Inc. to Announce Fourth Quarter 2012 Results on March 20, 2013 originally appeared on Fool.com.

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Source: FULL ARTICLE at DailyFinance