Chicago guys... Portillo's rumored to be bought out for $1B

This is going to be Piper's best M&A engagement of the year.

I know nothing about Berkshire Partners, but I sincerely hope they do not ruin the best tasting fast food franchise in the country. For those that don't know:

The Double Burger is one of the best you can get, definitely superior to a Five Guys, Shake Shack or anything else:

It's milkshakes are the tits:

And although pure beef lovers will disagree, the Combo is the best option on the menu IMO:

 

forget the burger (although it is good) it is impossible to go there and not order a combo sandwich. Their chop salad is actually good too.

I don't remember the actual numbers, but when Portillo's was put up for sale there were some staggering numbers about it's sales and profitability vs. other restaurants and fast food places - the place is a cash cow.

twitter: @CorpFin_Guy
 

Combo every time I head home as well, place is amazing. Hopefully this opens the door for more franchises because if I could go to Portillo's for lunch now.. rip.

This to all my hatin' folks seeing me getting guac right now..
 

I've probably been to Portillo's a few hundred times and never tried the ribs. It is nearly physically impossible for me to walk in there and not order the Combo.

Are their ribs smoked or just slathered in BBQ and baked? I'm a smoked ribs guy (I do it myself every so often) and a little snobby on ribs.

twitter: @CorpFin_Guy
 

I'm from TX and a rib snob myself, and even though these are definitely baked they are still good enough to try once.

Split with a a few friends and only have a few and that way you don't have to count yourself out of a combo

I would agree with you, but then we'd both be wrong.
 

I recently moved from LP to Streeterville and being able to walk to Portillos may be the best benefit.

On a hungover Sunday, you really can't beat a bacon burger and a combo dipped, mozz and hot peppers.

I would agree with you, but then we'd both be wrong.
 

i'm fairly certain they are baked man - but the bbq sauce is strong to quite strong. i know how it is being unable to avoid ordering a combo - the sense of inevitability is daunting when entering portillos, but if you find the strength to order ribs you won't be disappointed

And so it goes
 

This is the first and last time I'll give a shit about who advised on a deal...out of jealousy for those tasty management presentations.

"I don't know how to explain to you that you should care about other people."
 

Modi quo explicabo sit earum quia rerum. At quo enim debitis ut pariatur. Eum in culpa doloremque ea esse nobis. Eum debitis sequi aperiam fugiat.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”