Delaware North Companies Acquires Patina Restaurant Group
Delaware North Companies, a global leader in the hospitality and foodservice industries, has closed on its acquisition of a majority interest in Patina Restaurant Group, announced Jeremy Jacobs Jr., a principal at the Buffalo, New York-headquartered company.
Patina, a major player in the premium segment of the restaurant and catering industry, operates restaurants and manages catering and foodservice businesses at high-profile venues in New York, California and Florida. It was previously majority owned by Shidax Corporation, a publicly traded, Japanese foodservice company. Shidax now holds a minority interest in Patina.
CEO Nick Valenti and founder/chef Joachim Splichal will remain in their current positions at Patina Restaurant Group, providing continued leadership and sharing their experience and knowledge across Delaware North's portfolio.
Matthew King, formerly president of Delaware North Companies Travel Hospitality Services, will assume a new role as president of Delaware North Companies Landmark Holdings, with oversight for the Patina Restaurant Group. He will work closely with Valenti and Splichal.
The addition of Patina boosts the payroll of Delaware North to nearly 60,000 employees serving half a billion customers in the United States, Canada, the United Kingdom, Australia and New Zealand. Total revenue with the addition of Patina is expected to top $3 billion in 2014.
On the West Coast, Patina’s operations include the Michelin-starred Patina Restaurant in the Walt Disney Concert Hall, Nick & Stef's Steakhouse, Cafe 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 foodservice businesses in museums and cultural centers throughout California.
On the East Coast, the company’s portfolio features the Michelin-starred Lincoln Ristorante at Lincoln Center, New York City's Rockefeller Center Ice Rink, Rock Center Cafe, the Sea Grill, Brasserie, Cafe 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, Florida.
Patina Catering is one of the premier caterers on the West Coast. The annual events it works include the Emmy Awards, Los Angeles Philharmonic gala, Heal the Bay Benefit dinner, as well as numerous entertainment and fashion events.
About Delaware North
Founded and owned for nearly 100 years by the Jacobs family, Delaware North Companies manages and provides food and beverage concessions, premium dining, entertainment, lodging, and retail operations at many large venues. These include high-profile properties ranging from sports stadiums, entertainment complexes, national parks to airports and some of the top regional casinos in the USA.