Announced
Completed
Financials
Sources
Tags
Completed
restaurant
Restaurants and Bars
United States
Friendly
Majority
Acquisition
Single Bidder
Private
Domestic
Synopsis
Xperience Restaurant, a casual and fine dining operator, agreed to acquire Rio Mambo and THE RIM, two casual eateries, from RM Restaurant, a full-service casual dining sevices provider. Financial terms were not disclosed. “We are honored to welcome founder, Brent Johnson, and the Johnson family to our family of restauranteurs. We look forward to continuing the rich legacy of the Rio Mambo and THE RIM restaurants and remaining highly engaged members of the communities in which they operate,” said Randy Sharpe, XRG CEO.
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