M&A Deal Summary

Foodtastic Acquires Pita Pit

On August 3, 2021, Foodtastic acquired restaurant Pita Pit

Acquisition Highlights
  • This is Foodtastic’s 2nd transaction in the Restaurants sector.
  • This is Foodtastic’s 2nd transaction in Canada.
  • This is Foodtastic’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2021-08-03
Target Pita Pit
Sector Restaurants
Buyer(s) Foodtastic
Deal Type Add-on Acquisition

Target

Pita Pit

Kingston, Ontario, Canada
website
Pita Pit brings the highly successful Pita Pit concept created in Canada to customers throughout the world, outside of the USA and Canada. Pita Pit product is handmade, customizable, nutritious, portable, fast, and fun. Pita Pit was established in 1995 and is based in Kingston, Ontario.

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Buyer(S) 1

Buyer

Foodtastic

Pierrefonds, Quebec, Canada

website

Category Company
Founded 2016
Sector Franchising
DESCRIPTION

Foodtastic provides restaurant franchising business. The Company operates as a franchisor of multiple restaurant concepts including, La Belle et La Boeuf, Carlos & Pepe's, Souvlaki Bar, Nickels, and Bacaro. Foodtastic was founded in 2016 and is based in Pierrefonds, Quebec.

DEAL STATS #
Overall 2 of 4
Sector (Restaurants) 2 of 3
Type (Add-on Acquisition) 1 of 3
State (Ontario) 2 of 4
Country (Canada) 2 of 4
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-14 Milestones Restaurant Brand

Vaughan, Ontario, Canada

Milestones Restaurant Brand is a full-service restaurant company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-02 Quesada Burritos & Tacos

Toronto, Ontario, Canada

Quesada Burritos & Tacos is a quick-service restaurant brand that sparked the rise of the burrito category in Canada. Quesada Burritos & Tacos was formed in 2004 and is based in Toronto, Ontario.

Buy -
Mergr

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