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Duff & Phelps Advised American Blue Ribbon Holdings on its Sale of Max & Erma’s
Max & Erma’s (the “Company”), a casual dining restaurant concept owned by American Blue Ribbon Holdings (“ABRH”), has been acquired by Glacier Restaurant Group (“GRG”).
Duff & Phelps acted as the exclusive financial advisor to ABRH and provided a fairness opinion in connection with the transaction.
About Max & Erma’s
Max & Erma’s, headquartered in Columbus, OH, is a full-service, casual dining restaurant with 51 company-owned and franchised locations in 10 states, primarily in the Midwest. It is famous for its award-winning fresh, never frozen burgers, tortilla soup, fresh baked cookies and hand-crafted beers. The restaurant concept began as a tavern close to 60 years ago and has since become known as a place where friendly fun and comfort food come together.
About American Blue Ribbon Holdings
American Blue Ribbon Holdings is the eighth largest full-service restaurant holding company in the United States with $1.3 billion in annual revenue. ABRH operates and franchises restaurants under the O’Charley’s, Ninety Nine Restaurant & Pub, Village Inn, and Bakers Square brands. The company was founded in 1958 and is based in Nashville, TN. ABRH operates as a subsidiary of Fidelity National Financial.
About Glacier Restaurant Group
Glacier Restaurant Group is a young and growing holding company operating four restaurant concepts differing in design, ambiance and menus, including MacKenzie River Pizza Grill & Pub, Ciao Mambo, Craggy Range Bar & Grill, and Latitude 48. With its headquarters in Whitefish, Montana, GRG employs more than 2,000 passionate and energetic people committed to providing an excellent guest experience.