Yard House Sale ClosesThursday, August 30, 2012
The sale of Irvine-based Yard House USA Inc. to Darden Restaurants Inc. has closed, the company’s new parent said Wednesday.
Darden said in July it was paying San Francisco-based private equity firm TSG Consumer Partners LLC $585 million in cash for Yard House, which will keep its headquarters in Orange County.
TSG bought a 70% stake in Yard House in 2007.
Yard House, which is known for its classic rock theme and large draft beer selection, totals 40 restaurants in 13 states.
Darden operates several restaurant chains, including The Capital Grille, Olive Garden and Red Lobster. Darden’s portfolio totals nearly 2,000 restaurants with $8 billion in annual sales.