this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . june 2007 learn how and when to remove this template message lone star steakhouse & saloon type private industry restaurants founded 1989 headquarters plano texas products burgers steak seafood salad website www.lonestarsteakhouse.com lone star steakhouse jackson michigan lone star steakhouse & saloon is a casual dining restaurant chain serving steak seafood salad and similar food items . lone star opened its first restaurant in 1989 in winston salem north carolina . 1 in march 1992 lone star became a public company with eight restaurants opened . starting on february 18 2008 thru to december 2014 lone star closed 27 restaurants several in the metro washington dc area to leave the company with 152 locations . curiously none of the texas themed restaurants can be found in the state of texas from which the restaurant s name is derived . 2 as of 2011 update lone star also operates the texas land and cattle ranch house styled under the parent company name center cut hospitality inc. 3 4 contents 1 private buyout 2 awards 3 lone star steakhouse & saloon australia 4 references 5 external links private buyout edit on august 18 2006 lone star steakhouse signed an agreement to be acquired by lone star funds an unaffiliated dallas based private equity firm for 27.10 per share in cash . this initial agreement was opposed by some major shareholders . 5 on november 11 2006 lone star funds raised its offer to 27.35 per share . on december 12 2006 shareholders voted to accept the offer . because it is now private lone star steakhouse has been de listed from nasdaq . this is also the reason lonestar stopped sponsoring the 40 dodge of david stremme . citation needed following the buyout lone star steakhouse switched from its texas roadhouse theme to a more urban style restaurant abandoning most of the texas and cowboy themes in its older restaurants . the current restaurant design is more upscale with virtually none of the americana seen in the pre 2006 restaurants . awards edit winner of the 2005 2006 golden icon award presented by travolta family entertainment for best steak house chain . lone star steakhouse & saloon australia edit lone star steakhouse & saloon first opened in australia at parramatta in january 1993 after acquiring the naming rights from a melbourne based franchise of the same name . over the next seven and a half years lone star expanded to 21 stores across australia . however following an august 2000 business review of its operations lone star shut down 10 stores across australia . on december 22 2003 the american parent sold the 11 remaining lone star restaurants operating in new south wales victoria and queensland to robert lapointe and tim smith . in april 2010 outback jacks bar & grill purchased all five new south wales based restaurants intending to rebrand them once franchisees were found . 6 on 1 july 2011 lone star steakhouse announced that they would close all queensland stores immediately . in late 2011 outback steakhouse added the former lone star site in penrith to its growing list of restaurants after extensive remodelling . in october 2011 the original parramatta store closed its doors and is being demolished . references edit funding universe company profile . retrieved 8 7 2012 . check date values in access date help lone star steakhouse location map http investing.businessweek.com research stocks private snapshot.asp privcapid 316905 accessed 2011 11 21 http www.steakco.com accessed 2008 11 18 thedealblogs the deal blogs network outback jacks takes over lone star in sydney external links edit official website or steakco.net official website for all lone star concepts official australian website retrieved from https en.wikipedia.org w index.php title lone star steakhouse % 26 saloon & oldid 740370286 categories 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