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03/2022

DEL TACO HOLDINGS acquired by JACK IN THE BOX

UNITED STATES Hospitality & Leisure / Hospitality / Restaurants / Chains EV 500M - 1.5b USD

Context

Jack in the Box Inc. finalized its acquisition of Del Taco Restaurants, Inc. via a merger agreement, securing full ownership and delisting Del Taco from NASDAQ. Synergies stem from overlapping guest demographics, menu overlaps in variety-driven comfort foods, and aligned cultures prioritizing innovation and value—enabling shared investments in digital platforms, technology, and franchise development. Timing capitalized on post-pandemic recovery, with ambitions for unit expansion, remodels, and procurement savings projected at $15 million by fiscal 2023 end.

DEL TACO HOLDINGS, which reported an EBITDA margin of in 2022, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (10.6x).

-> Deep-dive in Retail & Consumer market trends

Target

Del Taco Holdings Inc., headquartered in Lake Forest, California, United States, operates as a prominent fast-food restaurant chain specializing in Mexican-inspired cuisine. The company provides a broad menu featuring made-to-order items such as tacos, burritos, quesadillas, nachos, Epic Burritos, and quesadillas, complemented by American classics including burgers, fries, and milkshakes. With an emphasis on fresh ingredients and customizable options, Del Taco serves both drive-thru and dine-in customers across its network. Ranked as the second largest Mexican-American quick-service restaurant (QSR) chain by units in the U.S., it maintains approximately 575 restaurants spanning 18 states, reflecting robust market penetration in the fast-casual ethnic segment. This footprint underscores its competitive stature amid evolving consumer preferences for value-driven, flavorful quick meals.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2022
2021

Other operations with DEL TACO HOLDINGS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
12/2025YADAV ENTERPRISESDEL TACO HOLDINGSUNITED STATESRestaurants / Chains

REFERENCES

Valuation range: EV 500M - 1.5b USD

Revenue range: 450M - 900M USD

EBITDA range: 50M - 100M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of DEL TACO HOLDINGS by JACK IN THE BOX are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: del taco holdings

Acquirer: jack in the box