Dividend Restaurant Group completed the acquisition of Eddie Merlot.

Dividend Restaurant Group, a food and beverages company, completed the acquisition of Eddie Merlot, a 13-unit upscale contemporary American steakhouse. Financial terms were not disclosed. "This is a tremendous time for our company as we continue to execute on our vision to scale the business. We are focused on building a portfolio of unique brands that have strong guest loyalty and have the ability to grow into new markets. Eddie Merlot's meets these criteria and makes for a fitting and strategic addition to our portfolio," Nishant Machado, Dividend CEO and President.