Lone Star Steakhouse & Saloon of Colorado Inc history

Coulter incorporated Lone Star Steakhouse & Saloon in January 1992, becoming the President, CEO, and Chairman of the chain.

In an August 1993 interview with Restaurant Hospitality, a Lone Star executive vice-president explained: "In other chains, there are people who act as filters for information going from the stores to corporate.

In 1994, the company was the highest-ranked restaurant company on Fortune magazine's list of the country's 100 fastest-growing company's, placing sixth overall.

By the end of 1995, three years of frenetic expansion had produced a new formidable force in the casual-dining segment of the restaurant industry.

In 1999, the company reversed direction, opening no new restaurants and closing two units that were underperforming.

More amazing, Adams won the election when the results were announced in July 2001, becoming the first individual shareholder to unseat a chief executive officer from the board of his own company.

In March 2002, Lone Star signed a letter of intent to be acquired by the investment firm Bruckmann, Rosser, Sherill & Co.

On November 11, 2006, Lone Star Funds raised its offer to $27.35 per share.

In December 2015, Lone Star Steakhouse and Texas Land & Cattle restaurant chains were acquired by the newly formed Day Star Restaurant Group, at which point there were 78 Lone Star Steakhouses in operation.

Among these closures was the closure of the original Lone Star Steakhouse in Winston-Salem, North Carolina, which shut down in the summer of 2016.

The company claimed that the remaining restaurants were sold to a new owner on July 31, 2017, and for that reason explained that any gift cards would no longer be honored.