Lone Star Steakhouse & Saloon
Lone Star Steakhouse & Saloon is a casual dining restaurant chain, serving steak, seafood, salad, and similar food items. Lone Star opened its first restaurant in 1989 in Winston-Salem, North Carolina. In March 1992, Lone Star became a public company with eight restaurants opened. By the end of 1995, there were 182 restaurants in operation. Lone Star ended the 1990s with 265 Lone Star restaurants. In August 2006, Lone Star became private.
Lone Star Steakhouse, Jackson, Michigan
Number of locations
|Illinois, Michigan, North Carolina, Ohio|
|Products||Burgers, Steak, Seafood, Salad|
|Parent||Day Star Restaurant Group|
As of May 2018 the company website lists four locations in Illinois, Michigan, North Carolina and Ohio. Curiously, none of the Texas-themed restaurants can be found in the state of Texas, from which the restaurant's name is derived.
On August 18, 2006, Lone Star Steakhouse signed an agreement to be acquired by Lone Star Funds, an unaffiliated, Dallas-based private equity firm, for $27.10 per share in cash. This initial agreement was opposed by some major shareholders. On November 11, 2006, Lone Star Funds raised its offer to $27.35 per share. On December 12, 2006, shareholders voted to accept the offer.
Following the buyout, Lone Star Steakhouse switched from its "Texas Roadhouse" theme to a more urban-style restaurant, abandoning most of the Texas and cowboy themes in its older restaurants. The current restaurant design is more upscale, with virtually none of the Americana seen in the pre-2006 restaurants.
In January 2014, Lone Star Steakhouse and Texas Land & Cattle restaurant chains have been acquired by Day Star Restaurant Group, which was newly formed after the companies merged. Texas Land & Cattle restaurant chain has 6 locations throughout Texas.
Lone Star Steakhouse & Saloon AustraliaEdit
Over the next seven and a half years, Lone Star expanded to 21 stores across Australia. However, following an August 2000 business review of its operations Lone Star shut down 10 stores across Australia.
On 1 July 2011, Lone Star Steakhouse announced that they would close all Queensland stores immediately.
In September 2017 the rebranded Lone Star Rib House opened a store in North Lakes shopping centre in Brisbane's north adding to its other stores in Mackay, Springfield and the Gold coast. Tossing your free peanut shells on the floor has also made a comeback.
In late 2011, Outback Steakhouse added the former Lone Star sites of Wentworthville and Penrith to its growing list of restaurants after extensive remodelling.
In October 2011, the original Parramatta store closed its doors.
- "Funding Universe Company Profile". Retrieved 2012-08-07.
- "Funding Universe Company Profile". Retrieved 2017-08-12.
- "Lone Star Steakhouse Prices". Retrieved 2017-08-12.
- "Report: Plano restaurant company closing dozens of units nationwide". January 25, 2017. Retrieved 2017-08-12.
- Lone Star Steakhouse Location Map
- Lone Star Steakhouse Location Map
- TheDealBlogs Archived 2006-12-18 at the Wayback Machine. — The Deal Blogs Network
- "Major Stakeholder Opposed to Lone Star Steakhouse Merger". November 6, 2006. Retrieved 2017-08-12.
- http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=316905/ Accessed 2011-11-21
- http://www.steakco.com/[permanent dead link] Accessed 2008-11-18
- "Texas Land & Cattle, Lone Star Steakhouses acquired by its own management team". Retrieved 2017-08-12.
- Outback Jacks takes over Lone Star in Sydney