Graham Holdings Acquires Clyde’s Restaurant Group: Who Bought It?

Clyde’s Restaurant Group, a prominent restaurant group in the Washington, D.C. area, underwent a significant change in ownership in July 2019. The group, known for its iconic establishments and contributions to the local dining scene, was acquired by Graham Holdings. This acquisition marked a new chapter for Clyde’s Restaurant Group and had implications for both the restaurant industry and Graham Holdings’ investment portfolio.

Clyde’s Restaurant Group Acquisition by Graham Holdings

In July 2019, Clyde’s Restaurant Group was acquired by Graham Holdings, a diversified holding company with interests in education, healthcare, media, and other industries. The acquisition was a strategic move for Graham Holdings to expand its investment portfolio and diversify its holdings. By adding Clyde’s Restaurant Group to its portfolio, Graham Holdings gained a foothold in the thriving restaurant industry and strengthened its presence in the Washington, D.C. area.

Graham Holdings and The Washington Post

Graham Holdings has a significant connection to the Washington, D.C. area as the holding company of the Graham family, who were the previous owners and operators of The Washington Post. The Graham family, known for their contributions to journalism and media, have played a prominent role in the region for many years. The acquisition of Clyde’s Restaurant Group by Graham Holdings further solidifies their presence in the local community.

Clyde’s Restaurant Group and its Restaurants

Clyde’s Restaurant Group, founded in 1963, owns and operates 13 restaurants in the Washington, D.C. metropolitan area. The group has become a fixture in the local dining scene, offering a diverse range of dining experiences. Some of the notable restaurants owned by Clyde’s Restaurant Group include Old Ebbitt Grill, the Hamilton, 1789 steakhouse, and the Tombs bar. Each establishment has its own unique ambiance and culinary offerings, contributing to the group’s success and popularity.

Old Ebbitt Grill’s Prominence

Among Clyde’s flagship restaurants, Old Ebbitt Grill holds a special place. Established in 1856, it is not only one of the oldest restaurants in the district but also one of the highest-grossing independent restaurants in America. Old Ebbitt Grill has garnered acclaim for its historic charm, exceptional cuisine, and vibrant atmosphere. Over the years, it has received numerous accolades, solidifying its reputation as a Washington, D.C. institution.

Diversification of Graham Holdings’ Investment Portfolio

The acquisition of Clyde’s Restaurant Group by Graham Holdings represents a diversification of the company’s investment portfolio. Historically, Graham Holdings has focused on education, healthcare, and media ventures. With the addition of Clyde’s Restaurant Group, Graham Holdings expands its reach into the restaurant industry, tapping into a new market and diversifying its revenue streams.

Preserving a Washington Institution

The acquisition by Graham Holdings ensures that Clyde’s Restaurant Group, a Washington institution, remains in the hands of another prominent Washington family. This continuity preserves the legacy and tradition of Clyde’s Restaurant Group within the local community. The commitment to maintaining the group’s unique dining experiences and dedication to exceptional service underscores the significance of preserving the essence of Clyde’s Restaurant Group.

Conclusion

The acquisition of Clyde’s Restaurant Group by Graham Holdings represents a strategic move to diversify Graham Holdings’ investment portfolio and expand its presence in the restaurant industry. This transaction combines the heritage of Clyde’s Restaurant Group with the business acumen of Graham Holdings, ensuring the continuation of the group’s contribution to the Washington, D.C. dining scene. The impact of this acquisition will be observed in the future plans and developments that emerge, further solidifying Clyde’s Restaurant Group as a vital part of the local community.

Sources:

  • Wikipedia: Clyde’s Restaurant Group – link
  • Eater DC: “Graham Holdings Company Buys Clyde’s Restaurant Group in Huge D.C. Deal” – link
  • Restaurant Business Online: “D.C.’s Clyde’s group sold to former Washington Post owner” – link

FAQs

Who acquired Clyde’s Restaurant Group?

Graham Holdings acquired Clyde’s Restaurant Group.

When did the acquisition of Clyde’s Restaurant Group take place?



The acquisition of Clyde’s Restaurant Group by Graham Holdings occurred in July 2019.

What is the significance of the acquisition for Graham Holdings?

The acquisition of Clyde’s Restaurant Group allowed Graham Holdings to diversify its investment portfolio and expand into the restaurant industry.

How many restaurants are owned and operated by Clyde’s Restaurant Group?

Clyde’s Restaurant Group owns and operates 13 restaurants in the Washington, D.C. metropolitan area.

Can you mention some of the notable restaurants owned by Clyde’s Restaurant Group?

Notable restaurants owned by Clyde’s Restaurant Group include Old Ebbitt Grill, the Hamilton, 1789 steakhouse, and the Tombs bar.

What is the significance of Old Ebbitt Grill among Clyde’s flagship restaurants?



Old Ebbitt Grill is one of the oldest restaurants in Washington, D.C. and is also one of the highest-grossing independent restaurants in America.

How does the acquisition of Clyde’s Restaurant Group diversify Graham Holdings’ investment portfolio?

The acquisition allows Graham Holdings to expand its reach into the restaurant industry, complementing its existing focus on education, healthcare, and media ventures.

What is the impact of the acquisition on the preservation of Clyde’s Restaurant Group’s legacy?

The acquisition by Graham Holdings ensures that Clyde’s Restaurant Group, a Washington institution, remains in the hands of another prominent Washington family, preserving its legacy and tradition within the local community.