Outback Steakhouse was founded in 1988 by Bob Basham, Chris T. Sullivan, Trudy Cooper, and Tim Gannon.
Outback Steakhouse is an Australian-themed restaurant, with an emphasis on casual dining and large portions at affordable prices.
The first restaurant was opened in Tampa, Florida.
Outback’s parent company changed its name to OSI Restaurant Partners in 2006.
In 2007 the private equity firms Bain Capital and Catterton Partners bought OSI Restaurant Partners for $3.2 billion.
The company became Bloomin’ Brands in 2012 and went public in August of 2012 at $11 per share.
Bloomin’ Brands operates the restaurants Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, Fleming’s Prime Steakhouse, Wine Bar, and Roy’s.
Outback Steakhouse has 979 restaurants in 22 countries throughout North and South America, Europe, Asia, and Australia, including over 100 locations in South Korea.