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SPB Hospitality completes acquisition of J. Alexander's Holdings, Inc.

$220 million transaction builds on the success of SPB's existing portfolio with addition of 47 polished-casual restaurants

SPB Hospitality Completes Acquisition of J. Alexander's Holdings, Inc.

SPB Hospitality Completes Acquisition of J. Alexander's Holdings, Inc.

SPB Hospitality Agrees to Acquire J. Alexander's Holdings Inc.

July 2, 2021 · · $220 million transaction will build on the success of SPB Hospitality’s existing portfolio with the addition of polished casual brands Houston, TX  ( SPB Hospitality, an industry leading operator and franchisor of steakhouses, pizza and craft brewery restaurants, announced that it has agreed to acquire J. Alexander’s Holdings Inc. [NYSE:JAX] at $14.00 per share in an all-cash merger, which equates to an equity value of approximately $220 million. This represents a 14% premium over J. Alexander’s closing price on July 1, 2021, which was the last trading day prior to entering into the definitive merger agreement. The transaction is expected to close early in the fourth quarter of 2021, subject to customary closing conditions including the approval of the merger by J. Alexander’s shareholders.

SPB Hospitality Agrees to Acquire J. Alexander's Holdings Inc.