Diversified Restaurant Holdings, Inc.

Diversified Restaurant Holdings, Inc. is a company dedicated to the operation and management of full-service restaurants, focusing on delivering a variety of dining experiences primarily in the casual dining sector. Founded in 1999 in Troy, US, Diversified Restaurant Holdings, Inc. specializes in operating casual dining establishments, with its latest significant business move being a Public to Private acquisition by ICV Partners for USD 130 mn in November 2019.

The acquisition concluded in February 2020. Michael Spinazzola currently serves as CEO, while Dan Spinazzola is the founder of the company. Diversified Restaurant Holdings specializes in managing full-service restaurants, with an emphasis on casual dining. Their portfolio includes a variety of recognized restaurant brands tailored to diverse customers, offering American cuisine and other popular dishes.

These restaurants are strategically placed in high-traffic urban areas, catering to families, young professionals, and tourists seeking quality dining options. In 2018, Diversified Restaurant Holdings reported a revenue of USD 153. 14 mn and an EBITDA of USD 11. 25 mn.

The company generates revenue primarily through direct consumer sales at its restaurant locations, engaging in both dine-in and takeout services, with flexible pricing to meet various market segments. Following the acquisition by ICV Partners in November 2019, Diversified Restaurant Holdings plans to leverage the USD 130 mn funding to enhance its restaurant operations and expand into new markets. While specific upcoming products are not detailed, the company is strategically positioned to explore growth opportunities in urban areas with high dining demand, aiming to capitalize on the changing consumer preferences in the casual dining sector.