As part of a new deal announced Wednesday, Fertitta's company will acquire north Texas-based Del Frisco steakhouse restaurants.
[Ads /]
According to Fertitta's company Landry's, the all-cash deal is valued at around $650 million.
"We have been following Del Frisco's for many years and tried once previously to acquire the company in 2012 before it went public," said Fertitta in a news release. "It is a storied high end steakhouse brand with roots set in Texas and iconic locations throughout the country."
Del Frisco's has several locations in Texas, including Dallas, Plano and Fort Worth. A Del Frisco's Grille, the more casual sister restaurant of Del Frisco's Double Eagle Steakhouse, closed its Upper Kirby location in 2018.
[Ads /]
"We couldn't be happier with the acquisition and are planning no changes to the operations," said Fertitta.
The sale is expected to close at the end of October.
RELATED: Houston Rockets owner releases new book
Tilman Fertitta talked to ABC13 about his upcoming book