Welcome!

News Feed Item

Delaware North Companies to Acquire Patina Restaurant Group

BUFFALO, N.Y., Feb. 8, 2014 /PRNewswire/ -- Delaware North Companies, a global leader in hospitality and food service and one of the largest privately held companies in North America, announced it has entered into an agreement to acquire a majority interest in Patina Restaurant Group.

(Logo:  http://photos.prnewswire.com/prnh/20110107/NY26567LOGO
(Logo:  http://photos.prnewswire.com/prnh/20140208/NY61657LOGO)

Patina Restaurant Group is a leader in the premium segment of the restaurant and catering industry and operates restaurants and manages catering and food service operations at high-profile venues in New York, California, Las Vegas and Orlando. 

Patina Restaurant Group is currently majority owned by Shidax Corporation, a publicly traded, Japanese foodservice company (JASDAQ: 4837). Following the closing of the acquisition, Shidax will continue to own a minority interest in Patina Restaurant Group. Subject to the satisfaction of customary closing conditions, the acquisition is expected to close at the end of the first quarter of 2014.

"Patina Restaurant Group is one of the most respected restaurant companies in North America, with an unequaled group of world-class venues and restaurant locations," said Jeremy Jacobs Jr., principal, Delaware North Companies. "Nick Valenti and Founder/Chef Joachim Splichal have built an exceptional company focused on culinary excellence and outstanding service that we are proud to add to Delaware North's world-class portfolio."

Valenti and Splichal will remain in their current positions at Patina Restaurant Group, providing continued leadership and innovation to Patina and now also applying their experience and knowledge across Delaware North's portfolio. The addition of Patina Restaurant Group will bring the total number of employees of the combined company to nearly 60,000. Total revenue for Delaware North with the addition of Patina Restaurant Group is expected to be in excess of $3 billion in 2014.

"Joachim and I are delighted to now be a part of Delaware North, a company we've admired for many years," said Nick Valenti, CEO of Patina Restaurant Group. "We share a common philosophy centered on providing memorable dining with superior service to our guests."

About Patina Restaurant Group
Patina Restaurant Group (www.patinagroup.com) is a leader in the premium segment of the restaurant industry. On the West Coast its portfolio includes the renowned, Michelin-starred Patina Restaurant in the Walt Disney Concert Hall, Nick & Stef's Steakhouse, Cafe Pinot at the Maguire Gardens, Catal and three other restaurants in Anaheim's Downtown Disney District, Leatherby's Cafe Rouge at the Segerstrom Center for the Arts, Hollywood Bowl, Pinot Brasserie in Las Vegas and catering and food service in museums and cultural centers throughout California.

On the East Coast, its portfolio features the Michelin-starred Lincoln Ristorante at Lincoln Center, New York City's world-famous Rockefeller Center Ice Rink, Rock Center Cafe, The Sea Grill, Brasserie, Cafe Centro, Naples 45, The Grand Tier Restaurant at the Metropolitan Opera and La Fonda Del Sol. Other East Coast properties include Tutto Italia Ristorante at the Epcot World Showcase in Orlando, Fla.

About Patina Catering
Patina Catering is one of the premier caterers on the West Coast. With a loyal and longstanding clientele, annual events include the ­Emmy Awards, the City of Hope Spirit of Life Dinner, Los Angeles Philharmonic gala, Heal the Bay Benefit dinner, as well as numerous entertainment and fashion events.

Patina Catering is also the exclusive caterer for some of the finest performing arts and cultural centers in Los Angeles, Orange County and San Francisco.

About Delaware North Companies

Delaware North Companies is one of the largest and most admired privately held hospitality companies in the world. Founded and owned for nearly 100 years by the Jacobs family, it is a global leader in hospitality and food service. Its family of companies includes Delaware North Companies Parks & Resorts, Delaware North Companies Gaming & Entertainment, Delaware North Companies Travel Hospitality Services, Delaware North Companies Sportservice, Delaware North Companies International and Delaware North Companies Boston, owner of TD Garden.

Through these companies, Delaware North manages and provides food and beverage concessions, premium dining, entertainment, lodging, and retail at many large venues and special places. These include high-profile venues ranging from sports stadiums, entertainment complexes, national parks, airports, and some of the top regional casinos in the country.

Delaware North Companies has revenue exceeding $2.7 billion annually and 55,000 associates serving half a billion customers in the United States, Canada, the United Kingdom, Australia and New Zealand. For more information, visit www.DelawareNorth.com.  

SOURCE Delaware North Companies

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at 20th Cloud Expo, Ed Featherston, director/senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
As software becomes more and more complex, we, as software developers, have been splitting up our code into smaller and smaller components. This is also true for the environment in which we run our code: going from bare metal, to VMs to the modern-day Cloud Native world of containers, schedulers and micro services. While we have figured out how to run containerized applications in the cloud using schedulers, we've yet to come up with a good solution to bridge the gap between getting your contain...
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Day 2 Keynote at 17th Cloud Expo, Sandy Ca...
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Information technology (IT) advances are transforming the way we innovate in business, thereby disrupting the old guard and their predictable status-quo. It’s creating global market turbulence. Industries are converging, and new opportunities and threats are emerging, like never before. So, how are savvy chief information officers (CIOs) leading this transition? Back in 2015, the IBM Institute for Business Value conducted a market study that included the findings from over 1,800 CIO interviews ...
IoT is at the core or many Digital Transformation initiatives with the goal of re-inventing a company's business model. We all agree that collecting relevant IoT data will result in massive amounts of data needing to be stored. However, with the rapid development of IoT devices and ongoing business model transformation, we are not able to predict the volume and growth of IoT data. And with the lack of IoT history, traditional methods of IT and infrastructure planning based on the past do not app...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Niagara Networks exhibited at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, introduced the technologies required for implementing these idea...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing and analyzing streaming data is the Lambda Architecture, represent...
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...