Delaware North Completes Patina Deal

Delaware North Companies has closed on its previously announced acquisition of a majority 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,” says DNC Principal Jeremy Jacobs Jr. “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.”

Valenti and Splichal will remain in their current positions at Patina while Matthew King, formerly president of DNC's Travel Hospitality Services, will assume a new role as president of Delaware North Companies Landmark Holdings, with oversight over Patina Restaurant Group, working closely with Valenti and Splichal.

The addition of Patina is expected to bring total revenues for DNC in excess of $3 billion in 2014.

“Joachim and I are delighted to now officially be a part of Delaware North, a company we’ve admired for many years,” says Valenti. “We share a common philosophy centered on providing memorable dining with superior service to our guests.”

Patina's portfolio on the West Coast includes the 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, Patina properties include 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 one of the premier caterers on the West Coast. Its 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.