Delaware North Companies is growing. The global hospitality management firm closed on its acquisition of a majority interest in Patina Restaurant Group last Friday. 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 and Orlando.
Patina Restaurant Group was previously majority owned by Shidax Corporation, a publicly traded, Japanese foodservice company (JASDAQ: 4837). Shidax will continue to own a minority interest in Patina Restaurant Group.
“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. “CEO 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.”
The addition of Patina Restaurant Group will bring the total number of employees of Delaware North 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.
Patina Restaurant Group 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, Café 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, 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 Café, The Sea Grill, Brasserie, Café 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.
Patina Catering is also one of the premier caterers on the West Coast. With a loyal and longstanding clientele, annual events include the ¬Emmy Awards, 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.