Dave & Busters
Eat. Drink. Play.
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| Public | |
| Traded as |
NASDAQ: PLAY S&P 600 Component |
| Industry | Entertainment/Restaurant |
| Founded | Dallas, Texas (1982) |
| Founder | David O. Corriveau; James W. "Buster" Corley |
| Headquarters | Dallas, Texas, U.S. |
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Number of locations
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84 |
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Key people
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Tyler J. Wolfram, Chairman Stephen M. King, CEO and Director Dolf Berle, COO and President John B. Mulleady, Sr. VP and CDO |
| Revenue | $541.5 million (2011) |
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Number of employees
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8,000 |
| Website | www |
Dave & Buster's (D&B) is an American restaurant and entertainment business headquartered in Dallas, Texas. Each Dave and Busters has a full-service restaurant and a video arcade. As of July 2016, the company has 83 locations across the United States and one in Canada. The company does not license the D&B concept internationally or domestically.
The first Dave & Buster's was opened in Dallas in 1982 by David Corriveau and James "Buster" Corley. In 1989, Edison Brothers Stores purchased a majority ownership in the restaurant to finance further expansion into other cities. Dave & Buster's was spun off from Edison Brothers, and went public with Andy Newman as chairman in 1995.
D&B acquired nine Jillian's locations after Jillian's filed for Chapter 11 Bankruptcy in 2004. Seven of these Jillian's locations have been re-branded with the Dave & Buster's name, while two of them were closed following the acquisition. The company announced on December 8, 2005, that it would be acquired by private equity firm Wellspring Capital Management. On July 16, 2008, Dave & Buster's Holdings Inc, filed with the SEC to again become a publicly traded company. The company had set a date for the Initial public offering IPO of October 5, 2012. However, it pulled out right before it opened. In June 2010, Oak Hill Capital Partners, in partnership with the company's management team, completed its acquisition of Dave & Buster's from Wellspring Capital Management.
In October 2014, Dave & Buster's launched a second IPO, selling 5.88 million shares at an offering price range of $16–18. The offering raised $94 million, which will be used for debt repayments. Shares will be traded on the NASDAQ stock exchange using the symbol PLAY.
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Wikipedia